Interim report - First quarter of 2017 - SP Group

DK-5471 Soendersoe, 2017-04-24 08:47 CEST (GLOBE NEWSWIRE) -- SP Group generated profit before tax and non-controlling interests of DKK 49.6 million in Q1 2017, a 91.3% increase from DKK 25.9 million in Q1 2016. Relative to the year-earlier period, revenue was up by 36.4% to DKK 476.8 million and EBITDA was up by 62.7% to DKK 72.8 million from DKK 44.8 million. The earnings are higher than expected and the guidance for 2017 is upgraded relative to the guidance provided in the Annual Report. We now expect profit before tax and non-controlling interests at the level of DKK 150-170 million on revenue of DKK 1.7-1.8 billion. If we can continue to accelerate performance in the current market, SP Group may report even higher revenue and earnings for FY 2017.