The Board of Directors has today presented and approved the interim report for the 1st quarter of the financial year 2017/18. The interim report has not been audited or reviewed by the company auditor.
The interim report contains the following main points:
The result of Q1 (1 May 2017 – 31 July 2017)
- The turnover of the Group amounts to 284 DKK million against 230 DKK million last year corresponding to an increase of 28%. Adjusted for the acquisition of Carpet Concept the organic growth constitutes 11%.
- EBIT of the 1st quarter makes up 24.3 DKK million which is 11% higher than last year.
- Quarterly net investments in long-term assets amount to 14 DKK million.
- Cash flows from operation amount to 25 DKK million.
Prospects 2017/18
Based on the development we have observed during the first 3 months of the financial year, our expectations for the financial year 2017/18 as reported in the annual financial statement 30 June 2017 are maintained.
Contacts:
Mr. John Vestergaard, CFO Mr. Svend Aage Færch Nielsen, CEO
Tel. +45 97118811 Tel. +45 97118811
egetæpper a/s
Herning, 30 August 2017
