To Nasdaq OMX Copenhagen A/S
Public announcement no. 416
March 22, 2018
ECONOMIC KEY FIGURES FOR GLUNZ & JENSEN HOLDING A/S YTD Q3 2017/18
The YTD Q3 2017/18 fiscal year was reviewed and approved at the Board of Directors meeting today. The Board of Directors announces the following consolidated financial statements year to date (YTD) for Q3 (the first 9 months) of 2017/18.
The result YTD of fiscal year 2017/18 met the expectations and the Board of Directors are satisfied with the current development in the company.
- Turnover was 194,5 million DKK (2016/17: 193,9 million DKK)
- EBITDA was 21,7 million DKK before non-recurring items (2016/17: 10,3 million DKK before non-recurring items)
Non-recurring items YTD 2017/18 are 0,7 million DKK provisioned for cost related to the take-over bid communicated in company announcements no. 407 and 410.
Revenue and EBITDA YTD 2017/18 are in line with expectations for the quarter and for the 2017/18 financial year.
The guidance for the Group revenue is unchanged at the 215 million DKK level and the EBITDA before interest, tax, amortization and depreciation and write-downs remained unchanged at the level of 24 million DKK before any non-recurring items and before adjusting fair value on properties.
The full year of 2017/18 consists of 10 months accounting period as the accounting period has been changed to April 1st to March 31st.
Profit before tax YTD 2017/18 was a profit of 9,3 million DKK (2016/17: -72,0 million DKK after non-recurring items of -52,4 million DKK).
The Board of Directors has reviewed and approved the budget for 2018/19 and announces a revenue level of 260 million DKK and an EBITDA level of 38 million DKK.
For further information:
CEO René Normann Christensen, +4524234677
Chairman of the Board Carsten Knudsen, +4521464236