LM Group Holding A/S issues quarterly financial report Q3 2016
Company announcement 11/2016
Interim report for Q3 2016 (1 July - 30 September 2016)
LM Wind Power reports:
- Revenue of EUR 287.2 million (up 50.3% year-on-year) and EBITDA of EUR 47.1 million (up 71.0% year-on-year).
- EBIT of EUR 30.1 million for Q3 2016, compared with EUR 16.4 million in Q3 2015.
- A net profit of EUR 16.7 million for Q3 2016, compared with a loss of EUR 1.2 million in Q3 2015.
- Liquidity of EUR 130.3 million as at 30 September 2016, compared with EUR 133.6 million as at 30 June 2016.
- Net debt of EUR 109.6 million as at 30 September 2016 and a leverage ratio (Net Debt / EBITDA) of 0.68x, compared with net debt of EUR 90.3 million as at 30 June 2016 and a leverage ratio of 0.63x.
| 3rd quarter | January to September | ||||
| EUR millions | 2016 | 2015 | 2016 | 2015 | |
| Revenue | 287.2 | 191.1 | 778.5 | 542.7 | |
| Operating profit before depreciation and amortization (EBITDA) | 47.1 | 27.6 | 134.4 | 75.7 | |
| Results from operating activities before special items (EBIT) | 30.1 | 16.4 | 82.6 | 41.9 | |
| Profit before income tax | 25.8 | 3.2 | 65.7 | 19.1 | |
| Profit/(loss) for the period | 16.7 | (1.2) | 42.9 | 1.8 | |
| EUR millions | |||||
| Results from operating activities before special items (EBIT) | 30.1 | 16.4 | 82.6 | 41.9 | |
| Depreciation and amortization | 17.0 | 11.2 | 51.8 | 33.8 | |
| EBITDA | 47.1 | 27.6 | 134.4 | 75.7 | |
This interim report for Q3 2016 has not been audited or reviewed.
Contact details:
Chris Springham VP, Global Communications & HR +31 6 1481 4919
or
Lene Mi Ran Kristiansen Senior Manager, Communications & Sustainability + 45 5138 8236
Attachments:
