Interim report first half-year 2015/16
The Board of Directors has today presented and approved the interim report for the first half-year 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 second quarter (1 August 2015 – 31 October 2015):
- The period’s result before taxation and minority shareholders amounts to 8.5 DKK million against 14.0 DKK million last year.
- Result before financial items and taxation amounts to 13.6 DKK million, corresponding to an EBIT-margin of 6%.
- The group turnover amounts to 235 DKK million against 209 DKK million last year, representing an increase of 13%.
- New investments of the quarter amount to 15 DKK million.
- Cash flows from operation amount to 20 DKK million.
The result of the first half-year (1 May 2015 – 31 October 2015):
- The period’s result before taxation and minority shareholders amounts to 48.8 DKK million against 35.8 DKK million last year, which is an increase of 36%. Corrected for the one-off income regarding the sale of our property in Vejle, it is a decline of 20%. The decline was expected in the light of our investment and development plans, thus the result for the first 6 months lives up to our expectations.
- Result before financial items and taxation amounts to 56.6 DKK million, corresponding to an EBIT-margin of 12%. Corrected for profit of 19.8 DKK million from the sale of our property in Vejle, the EBIT-margin makes up 8%.
- The group turnover amounts to 469 DKK million.
- The net investments in long-term assets make up 26 DKK million.
- Cash flows from operation (incl. the sale of our property in Vejle) amount to 54 DKK million.
Prospects 2015/16
Based on the development we have observed during the first 6 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, 14 December 2015
