PWT Group realized a turnover for FY 2015/16 of mDKK 862.8 (mDKK 858.4 in 2014/15).
Improvements in earnings (EBITDA) realized at mDKK 98.5 (mDKK 84.4 in 2014/15).
The EBITDA margin was raised in the FY 2015/16 from 9.8% to 11.4% compared to FY 2014/15.
The improved EBITDA margin is a combination of an improved gross profit and reduced expenses, as a result of an effort to optimize processes both in sourcing and the cost-base.
The performance and earnings (EBITDA) were satisfactory in the financial year 2015/16.
PWT Group realized a cash flow for the FY 2015/16 of mDKK 7.4 (mDKK -25.2 in 2014/15). The improved cash flow is a result of efforts to reduce net working capital and a strong result.
Inventories increased during the FY 2015/16 due to an increased never-out-of-stock program.
Net financial items for the year are affected by positive value adjustments of USD-hedging instruments, compared to last year (negative adjustments).
PWT Group expects to realize further improvements in earnings (EBITDA) in 2016/17.
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