PKC Group Plc Half Year Financial Report 11 August 2017 8.15 a.m.
PKC Group Half Year Financial Report January-June 2017
January-June 2017 highlights
PKC Group’s outlook for 2017
Following the completion of MSSL Estonia WH OÜ’s public tender offer for all outstanding shares and stock options in PKC Group Plc, the company no longer publishes outlook or guidance.
(from continuing operations)
(unless otherwise noted)
|% of revenue||7.5||7.7||7.6|
|Items affecting comparability||-10,060||-||-5,353|
|% of revenue||2.1||4.1||3.1|
|Earnings per share (EPS), EUR||0.06||0.31||-80.6||0.43|
|Revenue by geographical locations|
|Net cash from operating activities||-45,737||-18,883||35,464|
|Equity ratio, %||29.0||27.3||27.4|
|* before items affecting comparability|
Key strategic highlights 2017
PKC Group announced on 27 January 2017 that it divests 100% of PKC Electronics Oy shares to Enics, one of the biggest Electronics Manufacturing Service (EMS) provider in the world focusing on industrial electronic. The requirements of closing have been fulfilled and the closing became effective and ownership and control transferred on 28 February 2017.
PKC Group announced on 9 February that it was negotiating on the establishment of a joint venture with a Chinese wiring systems manufacturer. Parties have since completed negotiations and signed joint venture agreement during Q2.
PKC Group signed and closed a contract to buy the rolling stock electrical distribution system company Fortitude Industries Inc., in the state of New York (USA), which was announced on 31 March 2017.
PKC Group Plc
Board of Directors
President & CEO
For additional information, contact:
Matti Hyytiäinen, President & CEO, tel. +358 (0)400 710 968
PKC Half Year Financial Report January-June 2017
PKC Group is a global partner, designing, manufacturing and integrating electrical distribution systems, electronics and related architecture components for the commercial vehicle industry, rolling stock manufacturers and other selected segments. The Group has production facilities in Brazil, China, Germany, Lithuania, Mexico, Poland, Russia, Serbia and the USA. The Group's revenue from continuing operations in 2016 totalled EUR 846 million. PKC Group Plc is listed on Nasdaq Helsinki.