Interim report 2013/14 (1 May 2013 – 31 January 2014)
The management and the board of directors have today presented and approved the interim report for the period 1 May 2013 - 31 January 2014. 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 third quarter (1 November 2013 – 31 January 2014):
- The 3rd quarter’s result before taxation and minority shareholders has doubled compared to the 3rd quarter last year and amounts to 20.9 DKK million
- Result before financial items and taxation amounts to 23.1 DKK million, which is an EBIT-margin of 11%
- The group turnover amounts to 204 DKK million against 189 DKK million last year which is an increase of 8%
- The net investments in long-term assets during the period amount to 15 DKK million
- Cash flows from operation amount to 21 DKK million
The result of the period 1 May 2013 – 31 January 2014:
- The period’s result before taxation and minority shareholders amounts to 50.5 DKK million against 36.3 DKK million last year which is an increase of 39%
- Result before financial items and taxation amounts to 57.1 DKK million, which is an EBIT-margin of 10%
- The group turnover amounts to 593 DKK million
- The net investments in long-term assets during the period amount to 29 DKK million
- Cash flows from operation amount to 42 DKK million
Prospects 2013/14
Based on the development we have observed in the first 9 months of the financial year we define our expectations to the turnover of approx 800 DKK million. We raise our expectations to the EBIT margin to 9-10% and profit before taxation to 60-70 DKK million.
Contacts:
Mr. John Vestergaard, CFO Mr. Svend Aage Færch Nielsen, CEO
Tel. + 45 97118811 Tel. +45 97118811
egetæpper a/s
Herning, 13 March 2014
Please find the full interim report in the attached file.
