Skano Group
Audited Annual Report 2014

DGAP-News: Skano Group

2015-04-28 / 15:12

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Pärnu, 2015-04-28 15:12 CEST (GLOBE NEWSWIRE) -- 

Audited Annual Report 2014

The Supervisory Board of Skano Group AS approved on the 28th of April 2015 the
annual report and proposal for covering of loss for the year 2014 of Skano
Group AS. 

In 2014, the consolidated revenue of Skano Group AS totalled to 20.3 million
euros (2013: 19.2 million euros). In 2014, the net loss from operating
activities totalled -1.5 million euros as opposed to the net loss of -0.7
million euros in 2013. In 2014, the net loss per share of Skano Group AS was
-0.33 euros and in 2013 was -0.16 euros. Sales increased by 6.0% in 2014 as
compared to 2013, the consolidated operating loss was -1.199 thousand euros and
the gross margin was 13.2%. In 2013, the operating loss was -467 thousand euros
and the gross margin was 15.5%. The loss for the year 2014 included a one-time
non-cash expense associated with the impairment losses recognised on the assets
of the Püssi fibreboard factory in the amount of 925 thousand euros. 

In 2014, EBITDA of the Group was negative, -0.3 million euros, and in the same
period of last year 0.4 million euros.  The consolidated net loss was -1.5
million euros as compared to the net loss of -0.7 million euros in 2013 and the
net margin was -7.3% (as compared to -3.7% in 2013). 

Proposal for covering of loss: to cover the loss with retained earnings.

The audited Annual Report 2014 of Skano Group AS is also available on company's
web page http://www.skano.com 


         Martin Kalle
         CEO
         +372 447 8331
         martin.kalle@skano.com
News Source: NASDAQ OMX



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Language:    English       
Company:     Skano Group   
 
 
             Estonia       
ISIN:        EE3100092503  
 
 
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