Announcement no. 07 - 2010/11 November 25, 2010
Interim report for the six months ended October 31, 2010
Revenue and earnings growth
• Revenue for the six months ended October 31, 2010 was DKK 516 million, up 7%
from the DKK 481 million reported in the same period of last year.
• The higher revenue was attributable to strong growth in sales in the maritime
and land mobile markets.
• Operating profit increased to DKK 75 million (DKK 36 million), equivalent to
an operating margin of 14.6% (7.5%).
• The profit for the period increased to DKK 52 million (DKK 15 million).
• The cash inflow from operating activities increased to DKK 146 million (DKK
142 million). The free cash flow from operating and investing activities
excluding acquisitions and financing was DKK 79 million (DKK 90 million).
• DKK 77 million was used in product development and product maintenance (DKK
71 million), equivalent to 14.9% of revenue (14.8%).
• For the 2010/11 financial year, the operating margin forecast is increased to
15-17% against the previous forecast of 12-14% (10.8%). Revenue expectations
are still around DKK 1,075-1,125 million (DKK 1,051 million).
“The positive performance of the terminal business in the first quarter of the
year continued in the second quarter which again recorded growth in revenue and
earnings. The good results and the very strong sales of equipment to the
maritime and the land mobile markets have strengthened our full-year
expectations”, said CEO Walther Thygesen, commenting on the interim report.
Thrane & Thrane will review the interim report at an investor presentation to
be held at 1:00 p.m. today. The meeting will be held at NASDAQ OMX Copenhagen,
Nikolaj Plads 6, Copenhagen K.
For further information, please contact
John Alexandersen, Vice President
Corporate Communications & Investor Relations
Tel. (+45) 39 55 88 35 or (+45) 22 72 38 22 (mobile)
E-mail ja@thrane.com
