Interim report 1st quarter 2015/16
The board of directors has today presented and approved the interim report for the 1st quarter of the financial year 2015/16. 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 (1 May 2015 – 31 July 2015)
- The result of the 1st quarter’s before taxation and minority shareholders has increased by 85% compared to the same period last year and amounts to 40.3 DKK million. Once-only income regarding the sale of our property in Vejle is included in the profit with 19.8 DKK million.
- Result before financial items and taxation amounts to 43.0 DKK million, corresponding to an EBIT margin of 18%. Corrected for profit regarding the sale of our property in Vejle EBIT-margin makes up 10%.
- The group turnover amounts to 234 DKK million against 198 DKK million last year. The export share makes up 80% and is unchanged compared to last year.
- The net investments in long-term assets during the period amount to 11 DKK million.
- Cash flows from operation amount to 34 DKK million.
Prospects 2015/16
Based on the development we have observed during the first 3 months of the financial year, we maintain our expectations to 2015/16, as announced in our annual report of 25 June 2015.
Contacts:
Mr. John Vestergaard, CFO Mr. Svend Aage Færch Nielsen, CEO
Tel. + 45 97118811 Tel. +45 97118811
egetæpper a/s
Herning, 28 August 2015
