Announcement no. 30 - 2007/08 February 28, 2008
INTERIM REPORT FOR THE NINE MONTHS ENDED JANUARY 31, 2008
Revenue and operating profit continue to grow
• Revenue was DKK 869 million, up 15% relative to the same period of last year.
The largest business area, equipment for maritime use, reported a 30%
improvement.
• Revenue was, however, adversely affected by delays in component shipments
from third-party suppliers. Due to these delays, we were unable to adequately
meet demand for Thrane & Thrane products, and our order book grew during the
three-month period.
• The operating profit was DKK 108 million, double the profit recorded in the
first nine months of last year. The operating margin was 12.4%.
• Q3 revenue was DKK 286 million (DKK 304 million), and the operating profit
was DKK 29 million (DKK 22 million).
• Cash flows from operating activities were DKK 178 million (DKK 119 million)
in Q1-Q3.
• For the 2007/08 financial year, which ends on April 30, 2008, we continue to
expect an operating margin of around 15% (2006/07: 10.5%) before integration
costs. Revenue is expected to be around DKK 1,240 million against the previous
guidance of DKK 1,350 million.
• The merger of the Group's Norwegian subsidiary with Thrane & Thrane in
Denmark is progressing as planned and is expected to trigger
liquidity-generating annual savings of around DKK 90 million.
Thrane & Thrane's interim report for the nine months ended January 31, 2008 is
available for download at www.thrane.com
For further information, please contact
John Alexandersen, Vice President, Corporate Communications
Tel. (+45) 39 55 88 35 or (+45) 22 72 38 22 (mobile)
E-mail: ja@thrane.com
