Stockholm, 2012-08-22 08:30 CEST (GLOBE NEWSWIRE) -- Financial results April - June 2012
- Net sales MSEK 29.5 (18.7), +58%
- Operating profit amounted to MSEK 0.3 (-1)
- Profit after financial items amounted to MSEK -0.8 (-0.9)
- Profit after tax amounted to MSEK -0.8 (-0.6)
- Net profit for the period amounted to MSEK 0.2 (-0.4)
- Earnings per share amounted to SEK 0.02 (-0.05)
- Cash flow after investments amounted to -7.7 MSEK (2.9)
Financial results January - June 2012
- Net sales MSEK 47.3 (36.3), +30%
- Operating profit amounted to MSEK 0.3 (-1.4)
- Profit after financial items amounted to MSEK -0.8 (-1.3)
- Profit after tax amounted to MSEK -0.6 (-0.8)
- Net profits for the period amounted to MSEK 41.4 (0)
- Earnings per share amounted to SEK 4.01 (-0.06)
- Cash flow after investments amounted to 82.8 MSEK (15.3)
The quarter was characterized by strong sales growth, but also of the costs arising from the centralisation of one main warehouse in Jönköping. Empire continued to gain market shares in Sweden and the new brand Green Pan has had much sales success, particularly in Denmark and Finland. Empire strengthened its’ sales force and is actively seeking new distribution agreements, brands or distribution companies.
"Overall, I am pleased that the new Empire has started so well and I believe that the results for the second half of the year will be good. There is much left to do but the new organization shows vitality.” says Empires CEO, Per Björkman.
Read more in the full report on www.empire.se
For further information please contact CEO Per Björkman, per.bjorkman @ empire.se, 0733 596 730 or Ian Wachtmeister, Chairman, Empire AB, 0702 411 002, ian@empire.se
About Empire:
Empire is a company that creates, acquires and markets home and household products for the consumer market. The range includes household products and hair care products, including brands C3, BaByliss, Cuisinart, Green Pan and Salter. Since 1997, Empire has marketed percolators, coffee makers and a host of other electrical products for home use under the brand name C3. The company is since May 2, 2011 listed on the OMX First North with Remium AB as Certified Adviser.
For public release on Wednesday, August 22, 2012, 08:30 CET.
