PWT Group increased its turnover in the 2nd half of 2014/15 compared to last year. The margin for the entire year has improved compared to last year.
The Groups positive development within the wholesale-division Worldwide during the 1st half of FY 2014/15 was followed by more moderate figures during the 2nd half of FY 2014/15.
In FY 2014/15 PWT Group continued its efforts to expand and develop the wholesale-division further. These initiatives impacts the fixed cost base (expenses) negatively; however, this is according to the Groups strategy of investing in further expansion of the wholesale-division.
Stocks and debtors increased compared to last year, mainly due to expansion within the wholesale-division. This affects the net-interest-bearing-debt and cash flow negatively compared to last year.
Overall and with challenging market conditions in mind, the performance and earnings (EBITDA) was satisfactory across divisions in FY 2014/15.
In June 2015 PWT Group sold bonds corresponding to a nominal value of DKK 15,000,000.
Net financial items are significant affected by negative fair value adjustments related to currency, the comparison figures for the same period last year is affect by a positive fair value adjustment related to currency.
PWT Group expect growth for the FY 2015/16 both in turnover and earnings (EBITDA) compared to FY 2014/15.
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