Interim report first half-year 2014/15
The management and the board of directors have today presented and approved the interim report for the first half-year of the financial year 2014/15. 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 second quarter (1 August – 31 October 2014):
- The period’s result before taxation and minority shareholders has increased by 32% against last year and amounts to 14.0 DKK million. Adjusted for the inclusion of Hammer Tæpper the increase amounts to 27%.
- Result before financial items and taxation amounts to 16.4 DKK million, corresponding to an EBIT-margin of 8%.
- The group turnover amounts to 209 DKK million against 198 DKK million last year, representing an increase of 5%. Turnover is at level with last year when adjusting the effect of Hammer Tæpper.
- The net investments in long-term assets during the period amount to 61 DKK million, of which the acquisition of Hammer Tæpper amounts to 51 DKK million.
- Cash flows from operation amount to 21 DKK million.
The result of the first half-year (1 May – 31 October 2014):
- The period’s result before taxation and minority shareholders amounts to 35.8 DKK million against 29.5 DKK million last year, which is an increase of 21%.
- Result before financial items and taxation amounts to 40.8 DKK million, corresponding to an EBIT-margin of 10%.
- The group turnover amounts to 406 DKK million.
- The net investments in long-term assets during the period amount to 69 DKK million.
- Cash flows from operation amount to 49 DKK million.
Prospects 2014/15
Based on the development we have observed during the first 6 months of the financial year, we maintain our expectations to 2014/15 as announced in our annual report of 26 June 2014.
If the sale of the property in Vejle is completed within the current financial year, expectations for the annual result before taxation will be raised from 70-75 DKK million to 90-95 DKK million.
Contacts:
Mr. John Vestergaard, CFO Mr. Svend Aage Færch Nielsen, CEO
Tel. + 45 97118811 Tel. +45 97118811
egetæpper a/s
Herning, 15 December 2014
Please find the full interim report 2014/15 attached.
