At its meeting today, the Board of Directors of Brødrene Hartmann A/S approved the Group's quarterly accounts for the period 1 January - 31 March 2004 (unaudited).
Asger Domino, President & CEO, is available for questions on tel. +45 45 87 50 30.
A summary of the first quarter:
- Operating profit/loss for 1Q 2004 was not satisfactory. This was not unexpected and was attributable to the performance in North America. The rest of the Group posted improvements from the year-earlier level.
- Revenue totalled DKK 433 million, reflecting an increase of DKK 57 million, or15%, from DKK 376 million in 1Q 2003. North America contributed DKK 14 million of the
increase. - Operating profit less North America totalled DKK 29 million against DKK 21 million in
2003. - North America posted a highly unsatisfactory result of DKK -34 million, but this was not unexpected and was on a par with expectations.
- Operating profit/loss for the Group for 1Q came to DKK -5 million against DKK 16
million in the same period last year. - Cash flows from operating activities and investments for 1Q stood at DKK -30 million
compared to DKK -47 million in the same period last year. - The forecast for FY 2004 is unchanged from the expectations announced in the Annual Report 2003.
Brødrene Hartmann A/S
Bjarne Eriksen Asger Domino
Chairman of the Board President & CEO
The full report with tables can be downloaded from the following link:
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