Egetæpper A/S
Interim report Q 1 2013/14 (1 May – 31 July 2013)

Egetæpper A/S 

30.08.2013 11:47
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Interim report Q1 2013/14 (1 May - 31 July 2013)

The Board of Directors in egetæpper a/s has today presented and approved the
interim report for the first quarter of the financial year 2013/14. 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 first quarter:

  -- The period's result before taxation and minority shareholders amounts to
     19.0 DKK million against 16.8 DKK million last year, which is an increase
     of 13%
  -- Result before financial items and taxation amounts to 21.0 DKK million,
     which is an EBIT-margin of 11%
  -- The group turnover amounts to 190 DKK million
  -- The net investments in long-term assets during the period amount to 9 DKK
     million
  -- Cash flows from operation amount to 9 DKK million

Prospects 2013/14

Based on the development we have observed in the first 3 months of the
financial year we maintain our expectations to 2013/14 as announced in our
annual report 28.06.2013. 

egetæpper's long-term development

In 2003 egetæpper started a fundamental transformation of the company from
being production-oriented to market-oriented and as a natural continuation of
this process of development the next step will be egetæpper as a brand:
'Sustainable Carpet Design' takes egetæpper's reputation within design, quality
and environment as its starting point. This has resulted in the following
long-term financial goals: 

Financial goals 2020:

  -- An increase in turnover (organic) of 5-10% annually
  -- An EBIT-margin of 12%
  -- Investments 40-50 DKK million annually
  -- Net working capital 20% of turnover
  -- Cash flow from operations 10% of turnover

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

egetæpper a/s
Herning, 30 August 2013



Please see the full interim report in attached file.
News Source: NASDAQ OMX



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Language:     English
Company:      Egetæpper A/S
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0010259290
WKN:          
 
End of Announcement                             DGAP News-Service
 
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