Company announcement 6/2014
Interim Report for Q2 2014
(1 April 2014 - 30 June 2014)
LM Wind Power reports revenue of EUR 148.8 million and EBITDA of EUR 20.2 million for Q2 2014.
Highlights:
- Group revenue for Q2 and the first half year was EUR 148.8 million and EUR 273.0 million respectively
- EBITDA for Q2 and the first half year was EUR 20.2 million and EUR 29.0 million respectively
- Group liquidity comprising cash and undrawn credit facility amounted to EUR 62.7 million at the end of Q2 2014
| EUR millions | 2nd quarter | January to June | |||
| 2014 | 2013 | 2014 | 2013 | ||
| Revenue | 148.8 | 127.3 | 273.0 | 233.4 | |
| Operating profit before depreciation and amortization (EBITDA) | 20.2 | 24.6 | 29.0 | 32.3 | |
| Operating profit/(loss) before special items | 9.7 | 10.5 | 6.1 | 5.2 | |
| Net finance costs | 0.1 | (13.1) | (9.3) | (16.8) | |
| Profit/(Loss) before income tax | 8.1 | (2.8) | (4.8) | (12.7) | |
| Profit/(Loss) for the period from continuing operations | 4.7 | (0.4) | (10.4) | (8.1) | |
| Profit/(Loss) for the period | 5.3 | 1.6 | (9.9) | (5.6) | |
| EBITDA: | |||||
| Results from operating activities before special items | 9.7 | 10.5 | 6.1 | 5.2 | |
| Depreciation and amortization | 10.5 | 14.1 | 22.9 | 27.1 | |
| EBITDA | 20.2 | 24.6 | 29.0 | 32.3 | |
This interim report for Q2 2014 has not been audited or reviewed.
There will be a conference call on August 21st 2014, at 2:30 pm (CET) where the CFO, Nick Smith, will go through the Q2 interim report. The conference call will be in English. To participate, please call one of the following numbers (the one closest to your location).
+45 3271 3505 (Denmark)
+31 (0) 207 085 041 (Netherlands)
+44 (0) 203 140 8110 (United Kingdom)
+1 347 532 1792 (United States )
If prompted, enter the Meeting Number: * 606279 * (Be sure to enter the * star key before and after the Meeting Number).
Contact details:
Chris Springham Lene Mi Ran Kristiansen
VP Global Communication & HR Manager, Global Communications
+31 6 14814919 + 45 5138 8236
