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Interim report first half-year 2016/17 The Board

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Post# of 301275
Posted On: 12/12/2016 6:15:23 AM
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Posted By: News Desk 2018
Interim report first half-year 2016/17

The Board of Directors has today presented and approved the interim report for the first half-year of the financial year 2016/17. The interim report has not been audited or reviewed by the company auditors.

The interim report contains the following main points:

The result of the second quarter (1 August 2016 – 31 October 2016)

  • The result of the period before taxation and minority shareholders amounts to 14.3 DKK million. Compared to last year an increase of 5.8 DKK million or 68%.
  • Result before financial items and taxation amounts to 16.2 DKK million, corresponding to an EBIT-margin of 6%.
  • The group turnover amounts to 234 DKK million against 235 DKK million last year.      
  • New investments of the quarter in long term assets amount to 10 DKK million.
  • Cash flows from operation amount to 13 DKK million.

The result of the first half-year (1 May 2016 – 31 October 2016):

  • The result of the period before taxation and minority shareholders amounts to 33.6 DKK million against 48.8 DKK million last year. Corrected for the one-off income regarding the sale of our property in Vejle, it is an increase of 16%. 
  • Result before financial items and taxation amounts to 38.1 DKK million, corresponding to an EBIT-margin of 8%, which is at level with last year after correction of profit from the sale of our property in Vejle.  
  • The group turnover amounts to 457 DKK million.     
  • New investments of the quarter in long term assets amount to 20 DKK million.
  • Cash flows from operation amount to 38 DKK million.

Prospects 2016/2017

As of 1 December 2016 egetæpper acquired 75% of the majority in Carpet Concept (stock exchange notification 16 December 2016). Based on this prospects for the financial year 2016/17 are adjusted with:

  • Turnover 1,000 – 1,050 DKK million
  • An EBIT margin of 7-8%
  • Cash flows from operation 80-90 DKK million
  • New investments in long-term assets 30-40 DKK million
  • Investment in the acquisition of Carpet Concept 179 DKK million.

Contacts:     

Mr. John Vestergaard, CFO                               Mr. Svend Aage Færch Nielsen, CEO  Tel. +45 97118811                                          Tel. +45 97118811

egetæpper a/s

Herning 12 December 2016



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