Interim report Q1 2013/14 (1 May – 31 July 2013)
The Board of Directors in egetæpper a/s has today presented and approved the interim report for the first quarter of the financial year 2013/14. The interim report has not been audited or reviewed by the company auditors.
The interim report contains the following main points:
The result of the first quarter:
- The period’s result before taxation and minority shareholders amounts to 19.0 DKK million against 16.8 DKK million last year, which is an increase of 13%
- Result before financial items and taxation amounts to 21.0 DKK million, which is an EBIT-margin of 11%
- The group turnover amounts to 190 DKK million
- The net investments in long-term assets during the period amount to 9 DKK million
- Cash flows from operation amount to 9 DKK million
Prospects 2013/14
Based on the development we have observed in the first 3 months of the financial year we maintain our expectations to 2013/14 as announced in our annual report 28.06.2013.
egetæpper’s long-term development
In 2003 egetæpper started a fundamental transformation of the company from being production-oriented to market-oriented and as a natural continuation of this process of development the next step will be egetæpper as a brand: ”Sustainable Carpet Design” takes egetæpper’s reputation within design, quality and environment as its starting point. This has resulted in the following long-term financial goals:
Financial goals 2020:
- An increase in turnover (organic) of 5-10% annually
- An EBIT-margin of 12%
- Investments 40-50 DKK million annually
- Net working capital 20% of turnover
- Cash flow from operations 10% of turnover
Contacts:
Mr. John Vestergaard, CFO Mr. Svend Aage Færch Nielsen, CEO
Tel. + 45 97118811 Tel. +45 97118811
egetæpper a/s
Herning, 30 August 2013
Please see the full interim report in attached file.
