Egetæpper A/S
Interim report 3rd quarter 2014/15

DGAP-News: Egetæpper A/S

2015-03-12 / 12:21

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Interim report 3rd quarter 2014/15

The management and the board of directors have today presented and approved the
interim report for the 3rd quarter of the financial year 2014/15. 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 third quarter (1 November 2014 - 31 January 2015):

  -- The 3rd quarter's result before taxation and minority shareholders amounts
     to 10.3 DKK million against 20.9 DKK million last year, which is a result
     of an unexpected decrease in revenue combined with investments in new
     markets and segments, as well as expansion of the sales force.
  -- Result before financial items and taxation amounts to 14.1 DKK million,
     which results in an EBIT-margin of 6%
  -- The group turnover amounts to 224 DKK million against 204 DKK million last
     year, which is an increase of 10%. Adjusted for the effect of the
     acquisition of Hammer Tæpper, turnover is 6% lower than last year.
  -- The net investments in long-term assets during the period amount to 20 DKK
     million
  -- Cash flows from operation amount to 2 DKK million

The result of the period 1 May 2014 - 31 January 2015:

  -- The period's result before taxation and minority shareholders amounts to
     46.1 DKK million against 50.5 DKK million last year, which is a decrease of
     9%.
  -- Result before financial items and taxation amounts to 54.8 DKK million,
     which results in an EBIT-margin of 9%.
  -- The group turnover amounts to 630 DKK million.
  -- The net investments in long-term assets during the period amount to 89 DKK
     million, of which the acquisition of Hammer Tæpper is included with 51 DKK
     million.
  -- Cash flows from operation amount to 41 DKK million

Prospects 2014/15

Based on the development we have observed during the first 9 months of the
financial year, our expectations to revenue are adjusted from 900-950 DKK
million to 850-875 DKK million. We maintain our expectations to an EBIT margin
of 8-9%. Profit before tax is adjusted from 70-75 DKK million to 50-60 DKK
million. Our expectations for cash flow from operating activities are reduced
from 75-85 DKK million to 60-70 DKK million. 

If the sale of the property in Vejle is completed within the current financial
year, expectations for the annual result before taxation will be raised from
50-60 DKK million to 70-80 DKK million. 

Contacts:
Mr. John Vestergaard, CFO                          Mr. Svend Aage Færch
Nielsen, CEO 

Tel. + 45 97118811                                    Tel. +45 97118811



egetæpper a/s
Herning, 12 March 2015
News Source: NASDAQ OMX



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2015-03-12 Dissemination of a Corporate News, transmitted by DGAP - a
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Language:    English        
Company:     Egetæpper A/S  
 
 
             Denmark        
ISIN:        DK0010259290   
 
 
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