Sales growth of 8.7% and solid financial performance in 2014
|
|
- Aleesha Fisher
- 8 years ago
- Views:
Transcription
1 Sales growth of 8.7% and solid financial performance in 2014 Paris, 18 February 2015 Saft, leader in the design, development and manufacture of advanced batteries for industry, announces its fourth quarter and full-year 2014 revenue, along with its full-year 2014 results key figures Sales of million, strong growth of 8.7%, in line with Saft s medium term ambitions. Improved profitability with an EBITDA margin of 15.3% compared to 14.8% in 2013 and EBITDA of million. Net profit of 48.1 million, up 31.8%. Strong free cash flow of 46.2 million in Proposed dividend of 0.82 per share, an increase of 5.1%. Outlook 2015 sales growth of over 5% at constant exchange rates. EBITDA margin of at least 15.8% of sales. Medium-term outlook confirmed. Bruno Dathis, Acting Chairman of the Management Board, commented: "The Saft Group performed very well in 2014 in terms of both business growth and profitability. Revenues grew strongly for the second consecutive year. Sales increased in the three main technologies, with the strongest growth coming from the lithium-ion activities. Saft continued to increase market share in several segments, particularly in the industrial standby, rail and metering markets. The Group s operational profitability increased in 2014, supported by improved EBITDA margins in both divisions while net profit recorded strong growth. This solid operational performance together with a well-controlled investment policy and a firm grip on the working capital requirement enabled us to increase our free cash flow very significantly in For 2015, Saft is targeting sales growth of over 5% and an EBIDTA margin of at least 15.8%. I am confident in our teams ability to drive the Group s medium term development and to achieve the objectives fixed last November. N
2 2014 key figures (in million) Reported YoY Growth Revenue o/w IBG % o/w SBG % Gross profit % Gross profit margin (%) 28.5% 27.4% +110 bps EBITDA % o/w IBG % o/w SBG % o/w Others (1) (5.8) (5.4) n.a. EBITDA margin (%) 15.3% 14.8% +50 bps IBG EBITDA margin (%) 11.3% 10.5% +80 bps SBG EBITDA margin (%) 23.8% 23.1% +70 bps EBIT % EBIT margin (%) 9.5% 8.7% +80 bps Net profit for the period % EPS ( per share) % Free Cash Flow % Net debt/ebitda (54.1)% (1) The cost center "Others" includes costs for central departments, mainly IT, research, headquarters, finance and administration. n.a. not applicable. Sales figures and variations are at current exchange rates, except for the change in revenue which is measured at constant exchange rates. The average exchange rates EUR/USD in 2014 and 2013 are identical at 1 euro to US$1.33. The 2014 consolidated financial statements prepared by Saft's Management Board were reviewed by the Supervisory Board on 13 February The consolidated financial statements were certified by the statutory auditors on 17 February N
3 2014 highlights Saft s multi-technology, multi-market strategy continued to bring broad-based benefits in Numerous successes in Asia 2014 saw continued success for Saft s commercial teams in Asia, in particular on the rail market, with major contract wins in high-profile projects such as the Shanghai metro and the Lanxin line bullet trains in Northwest China. SBG also continued to gain market share in China in new water and gas meter projects won against local competitors. These successes are contributing to the development of Saft s Zhuhai facility, which reached a major milestone at the end of 2014 when it produced its one hundred millionth primary cell. Good growth in Li-ion activities On the ESS market, Saft won projects around the world, with for example a first Li-ion container project on a Japanese island and others deployed in Hawaii, in La Reunion and in South America. Another major Li-ion success in 2014 was the launch by a European customer of a new electric forklift truck range with Saft batteries. This leading European manufacturer chose Liion as it offers significant performance, operational benefits and cost savings. They are anticipating rolling out Li-ion throughout their entire warehouse and electric truck portfolio. Saft s Li-ion batteries are also now deployed in electric and hybrid bus scale tests in Stockholm and Hamburg for a major European manufacturer, with start of production planned for H Traditional technologies continue to outperform their markets 2014 was also a particularly strong year for Saft s traditional technologies with very large contracts won for stationary back-up power batteries in oil projects in Qatar and Abu Dhabi, excellent growth for nickel telecom batteries in the US, market share gains in primary lithium in India and China and the technological success of the Philae lander mission with a Saft primary lithium battery. N
4 Industrial Battery Group (IBG) Divisional performance Over the full year, despite a small sales decrease of 2.4% in the fourth quarter, the Industrial Battery Group division s sales progressed by 13.3% at constant exchange rates, and totalled million, with growth in all market segments except telecom networks. Full-year sales in the division increased in both nickel and lithium-ion technologies. The division s EBITDA grew 21.6% to 47.2 million in This improvement in profitability was driven by volume growth in both nickel and lithium-ion technologies, leading to further reductions in losses at the Jacksonville and Nersac facilities. Stationary applications Sales of stationary backup power batteries rose 10.4% over the year. The growth came from both the industrial standby and the energy storage systems segments. In the fourth quarter, sales of stationary batteries fell 4.5% due to a decrease in telecom network batteries as a major contract in India came to an end. This effect was also seen in the third quarter. However the industrial standby market continued to grow strongly as did the sales of lithium-ion energy storage batteries which more than doubled during the quarter, progressing almost 150% over the year. Transportation The transportation market posted full-year sales growth of 16.0%, with strong growth in each of the aviation, rail and vehicle segments. In the fourth quarter, growth in the transport business was 4.2%, due to a challenging comparable. The aviation business was strong in 2014, both in the civil and the US military markets. As in 2013, growth in the rail segment remained higher than market growth, driven in particular by sales in Asia. Finally, in the vehicle segment, sales of lithium-ion batteries grew strongly over the year. Specialty Battery Group (SBG) 2014 sales in the Specialty Battery Group totalled million, an increase of 2.1% yearon-year at constant exchange rates. Sales rose 3.0% in the fourth quarter. The division's EBITDA totalled 62.6 million in 2014, up 5.9% compared with This increase was mainly driven by volume growth and good control of production costs. Civil electronics The strong momentum in the civil electronics markets over the first nine months of the year continued into the fourth quarter, with sales up 13.3%, resulting in full-year sales growth of 13%. This segment achieved strong growth in Asia but also in Europe, with the roll-out of several nationwide programmes of new gas and water metering systems. N
5 Space and defence The space and defence segment saw sales decline 15.1% over All defence segments saw business levels decline with an expected sharp drop in torpedo battery sales. Radio battery sales posted a more limited decline. Full-year sales to the space market saw a moderate decrease compared with the previous year. Other highlights of 2014 financial results Taking into account the 5.8 million cost of support activities and a 1.6 million increase in depreciation and amortisation charges to 39.6 million, Group EBIT totalled 64.4 million in 2014, up 18.2% relative to Net financial costs amounted to 2.1 million, 8.4 million less than the 2013 figure. Financial expenses were pushed down by 7.2 million of foreign exchange gains in 2014, caused by the dollar's sharp rise against the euro at year-end. The Group's net borrowing cost was globally stable at 6.9 million, giving an average interest rate on net debt of 3.23%. After taking into account the Group's 1.9 million share of the net income generated by the ASB joint venture which rose sharply net income from continuing operations totalled 48.1 million in 2014 as opposed to 41.7 million in Total net income in 2014 was also 48.1 million versus 36.5 million in 2013, the latter including a 5.2 million net loss on the disposal of the Small Nickel Battery (SNB) business net income grew 31.8% compared to Due to a strong increase in operating cash flow to 78.9 million, reduced investment of 32.8 million and a controlled increase in the working capital requirement, free cash flow surged from 16.6 million (1) in 2013 to 46.2 million in Saft ended 2014 with an excellent cash position of million, giving the Group the flexibility it needs for the future. Net debt totalled 77.4 million at 31 December 2014, as opposed to million at the end of The strong generation of cash flow and the robust balance sheet enables management to propose an ordinary dividend of 0.82 per share, up 5.1% compared to (1) Before capital transactions, i.e. the acquisition of the Nersac Li-ion production unit for 8.5 million. N
6 Outlook For 2015, the Group expects sales growth of over 5% at constant exchange rates and an EBITDA margin of at least 15.8%. The IBG division has begun 2015 with a solid order book. IBG sales growth will be affected by lower sales of lithium-ion batteries in the first half. The SBG division is targeting sales growth in the civil electronics and space markets and a slowdown in defence activities. This sales growth objective integrates a cautious view of activity in the oil industry. Saft confirms the medium term objectives announced during the Investor day in November 2014: CAGR of 8-10% at constant exchange rates between 2015 and 2018, a medium-term EBITDA margin of 17%, together with improved cash flow generation. An investor and analyst presentation is available at Financial calendar for Q1 turnover 23 April 2015 Annual General Meeting 12 May Q2 turnover and half year results 23 July Q3 turnover 22 October 2015 IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS Certain statements contained herein are forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans, objectives or results of operation. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results and Saft s plans and objectives to differ materially from those expressed or implied in the forward looking statements. About Saft Saft (Euronext: Saft) is a world leading designer and manufacturer of advanced technology batteries for industry. The Group is the world s leading manufacturer of nickel batteries and primary lithium batteries for the industrial infrastructure and processes, transportation, civil and military electronics markets. Saft is the world leader in space and defence batteries with its Li-ion technologies which are also deployed in the energy storage, transportation and telecommunication network markets. More than 3,800 employees in 18 countries, 14 manufacturing sites and an extensive sales network all contribute to accelerating the Group s growth for the future. Saft batteries. Designed for industry. Saft Jill Ledger, Corporate Communications Director Tel: , jill.ledger@saftbatteries.com Vannara Huot, Group Treasurer and Investors Relations Manager Tel: , vannara.huot@saftbatteries.com Brunswick Mathilde Rodié, Benoit Grange, Guillaume Le Tarnec Tel.: saft@brunswickgroup.com N
7 APPENDICES Quarterly sales by division Consolidated income statement Consolidated statement of comprehensive income Consolidated statement of cash flows Consolidated statement of financial position Statement of changes in equity N
8 Quartely sales by division In million YoY growth at current exchange rates YoY growth at constant exchange rates Q1 IBG % 28.0% SBG % 5.2% Total % 17.9% Q2 IBG % 34.9% SBG (3.9)% (1.7)% Total % 18.9% Q3 IBG % 2.8% SBG % 2.2% Total % 2.5% Q4 IBG % (2.4)% SBG % 3.0% Total % (0.4)% Total IBG % 13.3% SBG % 2.1% Total % 8.7% N
9 Consolidated income statement (in million) Revenue Cost of sales (485.1) (453.4) (422.0) Gross profit Distribution and sales costs (45.3) (40.6) (39.4) Administrative expenses (51.5) (47.4) (42.4) Research and Development expenses (33.9) (28.3) (24.4) Restructuring costs (0.5) 0.5 (0.8) Other operating income and expenses (0.1) Operating profit Finance costs, net (2.1) (10.5) (12.6) Share of profit/(loss) of associates Profit before income tax from continuing operations Income tax on continuing operations (15.5) (10.4) (15.5) Net profit/(loss) from continuing operations Net profit/(loss) from discontinued operations (1) - (5.2) (7.3) Net profit for the period Attributable to owners of the parent company Attributable to non-controlling interests Earnings per share (in per share) basic diluted Earnings per share of continued operations (in per share) basic diluted (1) Net profit/(loss) from discontinued operations for 2012 and 2013 relate to the SNB small nickel batteries activity sold on 28 June N
10 Consolidated statement of comprehensive income (in million) Net profit for the period Other comprehensive income: Actuarial gains and losses recognised against statement of comprehensive income Tax effect on actuarial gains and losses recognised against statement of comprehensive income (3.9) 1.0 (4.7) 1.3 (0.4) 1.6 Items that will not be reclassified to profit or loss (2.6) 0.6 (3.1) Fair value gains/(losses) on cash flow hedge (1.1) (0.9) 1.5 Fair value gains/(losses), net on investment hedge (14.8) Currency translation adjustments 26.6 (12.8) (9.2) Tax effect on income/(expenses) recognised directly in equity Items that may be reclassified subsequently to profit or loss Total other comprehensive income for the period, net of tax 5.5 (1.4) (4.6) 16.2 (10.2) (0.2) 13.6 (9.6) (3.3) Total comprehensive income for the period Attributable to: Owners of the parent company Non-controlling interests 0.4 (0.5) - N
11 Consolidated statement of cash flows (in million) Net profit for the period from continuing operations Adjustments Share of net profit/(loss) of associates (net of dividends received) (0.8) (0.5) 0.1 Income tax expense from continued activities Property, plant and equipment and intangible assets amortisation and depreciation (1) Finance costs, net Stock option plans Net movements in provisions (1.7) - (4.7) Other 4.7 (6.1) (0.4) Change in inventories 0.9 (19.2) (3.3) Change in trade and other receivables (13.8) (3.1) (13.6) Change in trade and other payables Change in other receivables and payables (4.9) (6.8) (11.5) Changes in working capital (11.6) (26.6) (27.4) Cash flows from operations before interest and tax Interest paid (7.2) (7.3) (6.6) Income tax paid (10.5) (6.9) (9.7) Net cash generated by operating activities Cash flows from investing activities Acquisition of subsidiaries, net of cash acquired 0.2 (8.7) - Purchase of property, plant and equipment (28.8) (42.0) (44.6) Purchase of intangible assets (5.3) (6.3) (9.7) Proceeds from sale of property, plant and equipment Variation of other non-current financial assets and liabilities - (0.2) 0.1 Net cash used in investing activities (32.8) (56.9) (53.5) Cash flows from financing activities Capital increase Purchase/Sale of treasury shares - liquidity contract (0.2) New financial debt Financial debt repayments - - (328.5) Grants related to assets and insurance indemnities Increase/(decrease) in other long-term liabilities (1.1) (0.4) (0.4) Dividends paid to Company shareholders (9.8) (9.0) (43.1) Net cash generated by/(used in) financing activities (4.0) 1.8 (152.3) Net cash generated by/(used in) continuing operations 42.1 (0.9) (150.3) Net cash generated by/(used in) discontinued operations (2) - (8.4) - Net increase/(decrease) in cash 42.1 (9.3) (150.3) Cash and cash equivalents at beginning of period Impact of changes in exchange rates 6.7 (3.8) (2.4) CASH AND CASH EQUIVALENTS AT END OF PERIOD (1) Net of amortisation of deferred grants related to assets. (2) Net cash used in discontinued operations for 2013 relate to the SNB small nickel batteries activity sold on 28 June N
12 Consolidated statement of financial position Assets (in million) 31/12/ /12/ /12/2012 Non-current assets Intangible assets, net Goodwill Property, plant and equipment, net Investment properties Investments in joint undertakings Deferred income tax assets Other non-current financial assets Current assets Inventories Tax credits Trade and other receivables Derivative financial instruments Cash and cash equivalents Assets held for sale (1) TOTAL ASSETS 1, (1) Assets held for sale as of end of 2012 relate to the SNB small nickel batteries activity sold on 28 June N
13 Liabilities (in million) 31/12/ /12/ /12/2012 Shareholders equity Ordinary shares Share premium Treasury shares (0.5) (1.5) (2.0) Cumulative translation adjustments Fair value and other reserves (7.7) Group consolidated reserves Minority interest in equity Total shareholders equity Liabilities Non-current liabilities Financial debt Other non-current financial liabilities Deferred grants related to assets Deferred income tax liabilities Pensions and other long-term employee benefits Provisions Current liabilities Trade and other payables Income tax payable Financial debt Derivative instruments Pensions and other long-term employee benefits Provisions Liabilities associated with assets held for sale (1) TOTAL LIABILITIES AND EQUITY 1, (1) Liabilities associated with assets held for sale as end of 2012 relate to the SNB small nickel batteries activity sold on 28 June N
14 Statement of changes in equity (in million) Number of shares making up the capital Share capital Owners of the parent company Share premium Reserves Total comprehensive income for the period attributable to equity Noncontrolling Shareholders equity interests Balance at 31/12/ ,174, Appropriation of 2011 comprehensive income Employee stock option plans (value of employee services) Total (80.2) Dividend paid - (25.1) (18.0) - (43.1) - (43.1) Purchase/Sale of treasury shares - - (0.2) - (0.2) - (0.2) Total comprehensive income Balance at 31/12/ ,174, Appropriation of 2012 comprehensive income Employee stock option plans (value of employee services) Capital increase by exercise of stock options (31.4) , Dividend paid in shares 583, (9.8) Dividend paid - - (9.0) - (9.0) - (9.0) Purchase/Sale of treasury shares Total comprehensive income (0.5) 26.9 Balance at 31/12/ ,853, Appropriation of 2013 comprehensive income Employee stock option plans (value of employee services) Capital increase by exercise of stock options (27.4) , Dividend paid - - (9.8) - (9.8) (9.8) Dividend paid in shares 467, (10.4) Purchase/Sale of treasury shares Total comprehensive income Balance at 31/12/ ,605, N
Saft Groupe SA Full year results 2014
Saft Groupe SA Full year results 2014 Paris, February 18 th, 2015 Disclaimer This document contains certain forward-looking statements relating to the business, financial performance and results of the
More informationAdvanced batteries. Designed for industry. INTERIM FINANCIAL REPORT FIRST HALF-YEAR 2014
Advanced batteries. Designed for industry. INTERIM FINANCIAL REPORT FIRST HALF-YEAR 2014 Contents 1 2014 interim management report 1 1.1 2014 first half sales and consolidated results highlights 2 1.2
More informationConsolidated balance sheet
83 Consolidated balance sheet December 31 Non-current assets Goodwill 14 675.1 978.4 Other intangible assets 14 317.4 303.8 Property, plant, and equipment 15 530.7 492.0 Investment in associates 16 2.5
More informationAirbus Group Reports Improved Nine-Month (9m) Results 2014
Airbus Group Reports Improved Nine-Month () Results Financial performance reflects operational progress, guidance confirmed Revenues increase four percent to 40.5 billion EBIT* before one-off rises 12
More informationResults PostNL Q3 2014
Results PostNL Q3 2014 The Hague, 3 November 2014 PostNL reports solid Q3 2014 results Financial highlights Q3 2014 Revenue increased to 988 million (Q3 2013: 969 million) Underlying cash operating income
More informationPoste Italiane: growth in revenue and operating profit. Board of Directors approves Half Year results
Poste Italiane: growth in revenue and operating profit Board of Directors approves Half Year results Approves filing of regulatory files for a listing and the adoption of a new governance code Total revenues:
More informationDelta Galil Reports 2016 First Quarter Results
Delta Galil Reports 2016 First Quarter Results Sales Rise to $256.7 Million; Net Income to Shareholders is $7.9 Million Reaffirms 2016 Guidance; Sales Expected to Reach $1,090 Million-$1,110 Million and
More informationFinancial Results. siemens.com
s Financial Results Fourth Quarter and Fiscal 2015 siemens.com Key figures (in millions of, except where otherwise stated) Volume Q4 % Change Fiscal Year % Change FY 2015 FY 2014 Actual Comp. 1 2015 2014
More informationGrandVision reports 2.8 billion Revenue and 449 million EBITDA for 2014
GrandVision reports 2.8 billion Revenue and 449 million EBITDA for 2014 Schiphol, the Netherlands 18 March 2015. GrandVision N.V. publishes Full Year and Quarter 2014 results. 2014 Highlights Revenue grew
More information9-MONTHS REPORT. Stable development of business in Q3 Lila Logistik confirms full-year forecast
/08 9-MONTHS REPORT Stable development of business in Q3 Lila Logistik confirms full-year forecast Key figures for the first three quarters of 2008 in accordance with IFRS 01.01. 01.01. Change in Change
More informationConsolidated Settlement of Accounts for the First 3 Quarters Ended December 31, 2011 [Japanese Standards]
The figures for these Financial Statements are prepared in accordance with the accounting principles based on Japanese law. Accordingly, they do not necessarily match the figures in the Annual Report issued
More informationFURTHER PROFIT GROWTH IN FIRST-HALF 2015
FURTHER PROFIT GROWTH IN FIRST-HALF 2015 Net sales of 37.7bn, up +5.2% (+2.9% on an organic basis) Growth in Recurring Operating Income: 726m, +2.6% at constant rates Strong growth in adjusted net income,
More informationEarnings Release Q1 FY 2016 October 1 to December 31, 2015
Munich, Germany, January 25, 2016 Earnings Release FY 2016 October 1 to December 31, 2015 Strong start into the fiscal year earnings outlook raised»we delivered a strong quarter and are well underway in
More informationConsolidated Statement of Profit or Loss (in million Euro)
Consolidated Statement of Profit or Loss (in million Euro) Q3 2013 Q3 2014 % change 9m 2013 9m 2014 % change Revenue 689 636-7.7% 2,126 1,909-10.2% Cost of sales (497) (440) -11.5% (1,520) (1,324) -12.9%
More informationPress release Regulated information
Press release Regulated information 26 February 2010 Annual results 2009 Press Katelijn Bohez T +32 56 23 05 71 Investor Relations Jacques Anckaert T +32 56 23 05 72 www.bekaert.com www.bekaert.mobi Bekaert
More informationHow To Report Third Quarter 2013 Results From Tomtom.Com
De Ruyterkade 154 1011 AC Amsterdam, The Netherlands corporate.tomtom.com ir@tomtom.com 30 October 2013 TomTom reports third quarter 2013 results Financial summary Group revenue of 244 million (Q3 '12:
More informationOPTION REPORTS FULL YEAR 2013 RESULTS
OPTION REPORTS FULL YEAR 2013 RESULTS Leuven, Belgium March 13, 2014 Option N.V. (EURONEXT Brussels: OPTI; OTC: OPNVY), a global leader in wireless connectivity, security and experience, today announced
More informationResults PostNL Q1 2015
Results PostNL Q1 2015 On track to achieve full year 2015 outlook Financial highlights Q1 2015 Revenue at 1,058 million (Q1 2014: 1,033 million) Underlying cash operating income at 68 million (Q1 2014:
More informationConsolidated sales of 6,347 million euros, up 10% on a like-for-like basis (7% as reported)
14.18 Order intake surged 25% to 9.1 billion euros Sales came in at 6.3 billion euros, up 10% like for like (7% as reported) Operating margin (1) up 15% to 442 million euros, or 7.0% of sales Net income
More informationSignificant reduction in net loss
press release 12 May 2015 Royal Imtech publishes first quarter 2015 results Significant reduction in net loss Order intake in Q1 at a satisfactorily level of 912 million Revenue 3% down excluding Germany
More informationGrandVision reports Revenue growth of 13.8% and EPS growth of 31.7%
GrandVision reports Revenue of 13.8% and EPS of 31.7% Schiphol, the Netherlands 16 March 2015. GrandVision NV (EURONEXT: GVNV) publishes Full Year and Fourth Quarter 2015 results. 2015 Highlights Revenue
More informationAirbus Group Achieves Record Revenues, EBIT* And Order Backlog In 2014
Airbus Group Achieves Record Revenues, EBIT* And Order Backlog In Revenues increase five percent to 60.7 billion Reported EBIT* up 54 percent to 4.0 billion with a 6.7% return on sales Earnings per share
More informationPfeiffer Vacuum announces results for FY 2014
PRESS RELEASE Pfeiffer Vacuum announces results for FY 2014 Total sales of 406,6 million EBIT margin at 11,0 percent Dividend proposal of 2.65 euros Asslar, Germany, March 26, 2015. Total sales for FY
More informationConsolidated Statement of Profit or Loss (in million Euro)
Consolidated Statement of Profit or Loss (in million Euro) Q2 2012 Q2 2013 % H1 2012 H1 2013 % Restated * change Restated * change Revenue 779 732-6.0% 1,513 1,437-5.0% Cost of sales (553) (521) -5.8%
More informationHerzogenaurach, Germany, July 27, 2004 PUMA AG announces its consolidated nd
P Quarter P Half-Year For immediate release MEDIA CONTACT: INVESTOR CONTACT: U.S.A.: Lisa Beachy, Tel. +1 617 488 2945 Europe: Ulf Santjer, Tel. +49 9132 81 2489 Dieter Bock, Tel. +49 9132 81 2261 Herzogenaurach,
More informationOutstanding operating and financial performances
PRESS RELEASE Paris, February 17, 2011 2010 Results Outstanding operating and financial performances Recurring net income from continuing operations Group share surges 56% Recurring operating income up
More informationConsolidated Statement of Profit or Loss (in million Euro)
Consolidated Statement of Profit or Loss (in million Euro) Q3 2014 Q3 2015 % change 9m 2014 9m 2015 % change Revenue 636 661 3.9% 1,909 1,974 3.4% Cost of sales (440) (453) 3.0% (1,324) (1,340) 1.2% Gross
More informationSummary of Consolidated Financial Statements for the First Quarter of Fiscal Year Ending December 31, 2016 (Japanese GAAP)
This document is a translation of the Japanese financial statements and is not in conformity with accounting principles of the United States. Summary of Consolidated Financial Statements for the First
More informationHydrogenics Reports Fourth Quarter and Full Year 2015 Results
PRESS RELEASE Hydrogenics Reports Fourth Quarter and Full Year 2015 Results Kolon, Alstom, and China Wins Highlight 2015 Achievements Mississauga, Ontario. March 9, 2016 Hydrogenics Corporation (NASDAQ:
More informationFiat S.p.A. Board of Directors Meeting: 2013 Financial Statements and Calling of the Annual General Meeting
Fiat S.p.A. Board of Directors Meeting: 2013 Financial Statements and Calling of the Annual General Meeting The Board of Directors of Fiat S.p.A. met today in Turin to: approve the 2013 consolidated financial
More informationCONSOLIDATED INCOME STATEMENT FOR THE FINANCIAL YEAR ENDED 25 DECEMBER 2015
56 Neptune Orient Lines Limited (incorporated in Singapore) and its Subsidiaries Annual Report CONSOLIDATED INCOME STATEMENT FOR THE FINANCIAL YEAR ENDED 25 DECEMBER Continuing operations Revenue 4 5,382,596
More informationINSIDE Secure First half of 2015 results
INSIDE Secure First half of results Q2 revenue of $18.6 million is up 14% compared with low point reached in Q1 leading to a total of $35.0 million in H1 Adjusted gross margin 1 of $16.4 million (47.0%
More informationPRESS RELEASE. Board of Directors approves results as of December 31 2014
PRESS RELEASE Board of Directors approves results as of December 31 2014 SOGEFI (CIR GROUP): REVENUES AT OVER 1.3 BLN (+1.1%; +4.7% AT SAME EXCHANGE RATES), NET INCOME AT 3.6 MLN MARGINS LOWER BECAUSE
More informationFirst quarter ended March 31, 2013 Sales at $422 million and adjusted earnings at $7 million
170 INDUSTRIEL BLVD. BOUCHERVILLE (QUÉBEC) CANADA, J4B 2X3 TEL: (450) 641-2440 FAX: (450) 449-4908 PRESS RELEASE First quarter ended March 31, 2013 Sales at $422 million and adjusted earnings at $7 million
More informationJanuary 27, 2016 Consolidated Financial Results for the First Nine Months of the Fiscal Year Ending March 31, 2016 <under Japanese GAAP>
Translation January 27, 2016 Consolidated Financial Results for the First Nine Months of the Fiscal Year Ending March 31, 2016 Company name: Alpine Electronics, Inc. Listing: First
More informationYear ended 31 Dec 2009
PACE PLC CHANGE OF FUNCTIONAL AND PRESENTATIONAL CURRENCY AND COMPARATIVES RE-PRESENTED IN US DOLLARS Introduction Pace announced at the time of its preliminary results announcement that the Board had
More informationO KEY GROUP ANNOUNCES AUDITED FINANCIAL RESULTS FOR 2014
Press Release 19 March 2015 O KEY GROUP ANNOUNCES AUDITED FINANCIAL RESULTS FOR 2014 O KEY Group S.A (LSE: OKEY), a leading food retailer in Russia, today released audited consolidated financial results
More informationFirst quarter 2015 results
First quarter 205 results FINANCIAL AND OPERATIONAL HIGHLIGHTS Financial summary Q '5 Group revenue of 205 million (Q '4: 205 million) Gross margin of 54% (Q '4: 57%) EBITDA of 2 million (Q '4: 30 million)
More informationPOSTE ITALIANE: BOARD OF DIRECTORS APPROVES THE RESULTS AT SEPTEMBER 30, 2015 STRONG GROWTH IN REVENUES AND OPERATING PROFIT
POSTE ITALIANE: BOARD OF DIRECTORS APPROVES THE RESULTS AT SEPTEMBER 30, STRONG GROWTH IN REVENUES AND OPERATING PROFIT Total revenues: 23.9 billion, +6.0% ( 22.6 billion at September 30, ) Operating profit:
More informationNet attributable income totaled 64.7million in first-half 2015 compared with 69.0 million in firsthalf
HALF-YEAR RESULTS 2015 H1 2015: FURTHER STRONG GROWTH FOR COMMUNICATION AND SHIPPING SOLUTIONS Sales up 10.4%, or -1.1% organically 1 CSS activities: organic growth of 16.0% Current operating margin 2
More informationCytec Announces First Quarter 2010 Results. As-Adjusted EPS of $0.66, Significantly Above Prior Year As-Adjusted EPS of $0.06
cytec News & Information Cytec Industries Inc. Five Garret Mountain Plaza Woodland Park, New Jersey 07424 www.cytec.com Contact: Jodi Allen (Investor Relations) (973) 357-3283 Release Date: Immediate Cytec
More informationNotes to the 2008 Full financial statements continued
30 CHANGES IN EQUITY, SHARE PREMIUM AND RESERVES Year ended 31 December 2008 Year ended 31 December 2007 Attributable Outside Total Attributable Outside Total to interests to interests shareholders shareholders
More information1Q16 Earnings Release. April 28 th 2016 LG Electronics
1Q16 Earnings Release April 28 th 2016 LG Electronics All information regarding management performance and financial results of LG Electronics (the Company ) during the 1 st quarter of 2016 as contained
More informationFOSSIL GROUP, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS; Fourth Quarter Net Sales of $1.065 Billion; Diluted EPS Increases 12% to $3.
FOSSIL GROUP, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS; Fourth Quarter Net Sales of $1.065 Billion; Diluted EPS Increases 12% to $3.00 Fiscal Year 2014 Net Sales Increase 8% to $3.510 Billion;
More informationAalberts Industries increases earnings per share +10%
Aalberts Industries increases earnings per share +10% Langbroek, 26 February 2015 Highlights o Revenue EUR 2,201 million, increase +8% (organic +3.1%) o Operating profit (EBITA) +10% to EUR 247 million;
More informationMedia Contact: Mike Conway Director, Corporate Communications Sherwin-Williams Direct: 216.515.4393 Pager: 216.422.3751 mike.conway@sherwin.
The Sherwin-Williams Company Reports First Quarter 2012 Financial Results Consolidated net sales increased 15.1% to a record $2.14 billion Diluted net income per common share increased 50.8% to a record
More informationAalberts Industries realises strong growth in revenue (15%) and earnings per share (24%)
date 23 February 2012 more information e-mail Jan Aalberts / John Eijgendaal info@aalberts.nl phone +31 (0)343 565 080 Press Release Aalberts Industries realises strong growth in revenue (15%) and earnings
More informationcondensed consolidated interim financial statements 2015
January march 2015 condensed consolidated interim financial statements 2015 (unaudited) contents 1. Income Statement 1 2. Statement of Comprehensive Income 2 3. Balance Sheet 3 4. Statement of Changes
More informationContact Christopher Mecray D +1 215 255 7970 Christopher.Mecray@axaltacs.com
Axalta Coating Systems 2001 Market Street Suite 3600 Philadelphia, PA 19103 USA Contact Christopher Mecray D +1 215 255 7970 Christopher.Mecray@axaltacs.com For Immediate Release Axalta Releases Second
More informationThird Quarter 2015 Financial Highlights:
DISCOVERY COMMUNICATIONS REPORTS THIRD QUARTER 2015 RESULTS, INCREASES BUYBACK AUTHORIZATION BY $2 BILLION AND ANNOUNCES RESUMPTION OF SHARE REPURCHASES BEGINNING IN FOURTH QUARTER 2015 Third Quarter 2015
More informationFOR IMMEDIATE RELEASE 28 September 2015 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS
FOR IMMEDIATE RELEASE 28 September 2015 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS Bond International Software Plc ( the Group ), the specialist provider of software for the international
More informationASM INTERNATIONAL N.V. REPORTS THIRD QUARTER 2015 RESULTS
Almere, The Netherlands October 28, 2015 ASM INTERNATIONAL N.V. REPORTS THIRD QUARTER 2015 RESULTS ASM International N.V. (Euronext Amsterdam: ASM) today reports its third quarter 2015 operating results
More informationSportingbet Plc. Unaudited results for the first quarter ended 31 October 2010
Unaudited results for the first quarter ended 31 October 2010 Sportingbet Plc, a leading online sports betting and gaming group, announces its results for the quarter ended 31 October 2010. Key Highlights
More informationSummary of Consolidated Business Results for the First Quarter of Fiscal 2015 For the fiscal year ending May 31, 2016
October 9, 2015 Summary of Consolidated Business Results for the First Quarter of Fiscal 2015 For the fiscal year ending May 31, 2016 Toyo Denki Seizo K.K. Stock Exchange: 1st Section of the Tokyo Stock
More informationQ2 / H1 2015 results. Investor Presentation 30 July 2015
Q2 / H1 2015 results Investor Presentation 30 July 2015 Information Full year consolidated financial statements at 31 December are audited Half year financial statements are subject to limited review by
More informationFOR IMMEDIATE RELEASE
FOR IMMEDIATE RELEASE O-I REPORTS FULL YEAR AND FOURTH QUARTER 2014 RESULTS O-I generates second highest free cash flow in the Company s history PERRYSBURG, Ohio (February 2, 2015) Owens-Illinois, Inc.
More informationTHIRD QUARTER 2015 RECORD RESULTS REPORTED BY AMPHENOL CORPORATION
Amphenol News Release World Headquarters 358 Hall Avenue P. O. Box 5030 Wallingford, CT 06492-7530 Telephone (203) 265-8900 FOR IMMEDIATE RELEASE For Further Information: Craig A. Lampo Senior Vice President
More informationFinancial results for the six months ended 30 June 2007
13 August 2007 Fleet Place House 2 Fleet Place, Holborn Viaduct London EC4M 7RF Tel: +44 (0)20 7710 5000 Fax: +44 (0)20 7710 5001 www.mcgplc.com Financial results for the six months 2007 Management Consulting
More informationAn income statement and statement of comprehensive income (continued)
FIRST RESOURCES LIMITED Unaudited Financial Statements for the Third Quarter ( 3Q ) and Nine Months ( 9M ) Ended 30 September 2015 1(a) An income statement and statement of comprehensive income or a statement
More informationABENGOA YIELD The sustainable total return company
Abengoa Yield announces second quarter 2015 results and a quarterly dividend above guidance Strong results for the period: Further Adjusted EBITDA including unconsolidated affiliates increased by 93% y-o-y
More informationNOMAD FOODS LIMITED ANNOUNCES FINANCIAL RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2016
NOMAD FOODS LIMITED ANNOUNCES FINANCIAL RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2016 FELTHAM, United Kingdom, May 25, 2016 /PRNewswire/ Nomad Foods Limited ( Nomad or the Company ) (NYSE: NOMD), today
More informationConsolidated Financial Results for the Third Quarter Ended December 31, 2014
Consolidated Financial Results for the Third Quarter Ended February 3, 2015 SHARP CORPORATION Stock exchange listings: Tokyo Code number: 6753 URL: http://www.sharp.co.jp/ Representative: Kozo Takahashi,
More informationConsolidated and Non-Consolidated Financial Statements
May 13, 2016 Consolidated and Non-Consolidated Financial Statements (For the Period from April 1, 2015 to March 31, 2016) 1. Summary of Operating Results (Consolidated) (April 1,
More informationCONSOLIDATED STATEMENT OF INCOME
CONSOLIDATED STATEMENT OF INCOME 4 th quarter (a) 3 rd quarter 4 th quarter 2009 Sales 40,157 40,180 36,228 Excise taxes (4,397) (4,952) (4,933) Revenues from sales 35,760 35,228 31,295 Purchases, net
More information2013 results in line with objectives
2013 results in line with objectives 53.2 million in operating profit; 6.1% operating margin 27.1 million in attributable net profit, Group share 22.3 million in free cash flow (Paris 12 March 2014 5:35
More informationAltus Group Reports First Quarter Financial Results for 2015
Street Smart. World Wise. Altus Group Reports First Quarter Financial Results for 2015 Altus Group Delivers 14% Revenue Growth, Including 43% Increase in Recurring Revenues from GAIM Businesses TORONTO,
More informationDisclaimer. This document has been prepared by Tele Columbus AG (the "Company") solely for informational purposes.
Disclaimer This document has been prepared by Tele Columbus AG (the "Company") solely for informational purposes. This presentation may contain forward-looking statements. These statements are based on
More informationPress Release July 2015 www.vallourec.com
Press Release July 2015 www.vallourec.com Vallourec reports second quarter and first half 2015 results H1 2015 financial results continue to be affected by reduced demand: Revenues at 2,070 million, down
More information2014 HALF-YEARLY RESULTS
2014 HALF-YEARLY RESULTS Continued revenue growth Run rate for bank card collections in excess of 560 million Strategic investment initiative is maintained Brussels, 30 July 2014, 7:30 AM Regulated information
More informationNet interest-bearing debt at 30 June 2015 was DKK 560 million (30 June 2014: DKK 595 million).
H+H International A/S Interim financial report Company Announcement No. 327, 2015 H+H International A/S Dampfærgevej 3, 3rd Floor 2100 Copenhagen Ø Denmark Tel. +45 35 27 02 00 info@hplush.com www.hplush.com
More informationAirbus Group Reports Robust First Quarter 2015 Results
Airbus Group Reports Robust First Quarter Results Solid operational performance supports EPS and cash flow, further enhanced by divestments Revenues 12.1 billion, EBIT* before one-off 651 million Earnings
More informationLogwin AG. Interim Financial Report as of 31 March 2015
Logwin AG Interim Financial Report as of 31 March 2015 Key Figures 1 January 31 March 2015 Earnings position In thousand EUR 2015 2014 Revenues Group 274,433 278,533 Change on 2014-1.5% Solutions 101,821
More information*See note 4 to our Summary Financial Information table below concerning our current operational and reporting structure
INTERIM REPORT 1(39) Nokia Corporation Interim Report for Q1 2014 FINANCIAL AND OPERATING HIGHLIGHTS First quarter 2014 highlights for continuing operations*: Nokia s non-ifrs diluted EPS in Q1 2014 of
More informationLudwigshafen, February 25, 2014
Ludwigshafen, February 25, 2014 Analyst Conference FY2013 Cautionary note regarding forward-looking statements This presentation may contain forward-looking statements that are subject to risks and uncertainties,
More informationSales and profit expectations for 2014 fulfilled Distribution proposed Share buy-back agreed
Press release Sales and profit expectations for 2014 fulfilled Distribution proposed Share buy-back agreed Sales up 4 percent on previous year Gross and EBIT margins reduced by temporary start-up costs
More informationFRANKLIN ELECTRIC REPORTS RECORD SECOND QUARTER 2013 SALES AND EARNINGS
For Immediate Release For Further Information Refer to: John J. Haines 260-824-2900 FRANKLIN ELECTRIC REPORTS RECORD SECOND QUARTER 2013 SALES AND EARNINGS Bluffton, Indiana July 30, 2013 - Franklin Electric
More informationSummary of Financial Statements (J-GAAP) (Consolidated)
Summary of Financial Statements (J-GAAP) (Consolidated) February 10, 2016 Company Name: Sodick Co., Ltd. Stock Exchange: Tokyo Stock Exchange, 1st Section Code Number: 6143 URL: http://www.sodick.co.jp
More informationManagement Presentation Q2/2012 Results. 8 August 2012
Management Presentation Q2/2012 Results 8 August 2012 Cautionary statement This presentation contains forward-looking statements which involve risks and uncertainties. The actual performance, results and
More informationFOSSIL GROUP, INC. REPORTS THIRD QUARTER 2014 RESULTS. Third Quarter Net Sales Increase 10% to $894 Million; Diluted EPS Increases 24% to $1.
FOSSIL GROUP, INC. REPORTS THIRD QUARTER RESULTS Third Quarter Net Sales Increase 10% to $894 Million; Diluted EPS Increases 24% to $1.96 Updates Full Year Guidance and Provides Fourth Quarter Guidance
More informationInvestor and analyst factsheet
Investor and analyst factsheet 2015 2014 1 Variation 4Q 15 4Q 14 1 Variation in m in m in m in m Sales 7,683 5,952 +29.1% 1,760 1,431 +23.0% Prices (4.7)% (8.5)% Volumes +0.2% +2.1% FX +7.8% +5.1% Portfolio
More informationSumio Marukawa +81(3)6852-7102
Contact; TDK Corporation (Tokyo) TDK Corporation January 29, 2016 Corporate Communications Department Sumio Marukawa +81(3)6852-7102 Consolidated results (U.S. GAAP) for the 3rd quarter of FY March 2016
More informationFinancial highlights:
Mortice Limited 1 The Company s Annual Report and Accounts for the financial year ended on 31 st March, 2013 together with a notice convening the Company s Annual General Meeting at 36, Robinson Road,
More informationQ1 RESULTS 2015 30 APRIL 2015. Harald Wilhelm I Chief Financial Officer
1 Q1 RESULTS 2015 30 APRIL 2015 Harald Wilhelm I Chief Financial Officer SAFE HARBOUR STATEMENT 2 Disclaimer This presentation includes forward-looking statements. Words such as anticipates, believes,
More informationConsolidated Financial Results for the First Two Quarters of the Fiscal Year Ending March 31, 2016 (Japan GAAP)
Consolidated Financial Results for the First Two Quarters of the Fiscal Year Ending March 31, 2016 (Japan GAAP) Name of Listed Company: Yokogawa Electric Corporation (the Company herein) Stock Exchanges
More informationService Tax Planning - Expected Revenue Growth in FY 2015
Munich, Germany, May 7, 2015 Earnings Release FY 2015 January 1 to March 31, 2015 Portfolio gains drive income»for business volume, we performed well in our markets. The profitability of our Industrial
More informationHalma has a very long record of growing its dividend, increasing it by 5% or more for every one of the last 35 years.
Financial Review Long-term model delivering widespread growth This is another set of record results with widespread growth in all sectors and all regions. High returns were maintained and good cash generation
More informationPress Release November 2015 www.vallourec.com
Press Release November 2015 www.vallourec.com Vallourec reports third quarter and first nine months 2015 results Q3 2015 financial results continued to be impacted by tough market conditions: Revenues
More informationKey figures as of June 30, 2013 1st half
Never standing still. Interim Report as of June 30, 2013 Contents 2 Key figures as of June 30, 2013 1st half 3 Key figures as of June 30, 2013 2nd quarter 6 Strong revenue growth 12 Consolidated interim
More informationPioneer Announces Business Results for Fiscal 2014
For Immediate Release May 12, 2014 Pioneer Announces Business Results for Fiscal 2014 Pioneer Corporation today announced its consolidated business results for fiscal 2014, the year ended March 31, 2014.
More informationHow To Make A Profit From Telecolumna.Com
FY 2015 Q1 Results Presentation Berlin, 12 May 2015 Disclaimer This document has been prepared by Tele Columbus AG(the"Company") solely for informational purposes. This presentation may contain forward-looking
More informationOur results at a glance
1Report 15 AkzoNobel I Report for the first quarter 2015 2 AkzoNobel around the world Revenue by destination (44 percent in high growth markets) A North America B Emerging Europe C Mature Europe D Asia
More informationConsolidated Balance Sheets
Consolidated Balance Sheets March 31 2015 2014 2015 Assets: Current assets Cash and cash equivalents 726,888 604,571 $ 6,057,400 Marketable securities 19,033 16,635 158,608 Notes and accounts receivable:
More informationIBM REPORTS 2014 FOURTH-QUARTER AND FULL-YEAR RESULTS
IBM REPORTS 2014 FOURTH-QUARTER AND FULL-YEAR RESULTS Fourth-Quarter 2014: o Diluted EPS from continuing operations: - GAAP: $5.54, down 4 percent; - Operating (non-gaap): $5.81, down 6 percent; o Pre-tax
More informationConsolidated Financial Results for the First Three Quarters of the Fiscal Year Ending March 31, 2016 (Japan GAAP)
Consolidated Financial Results for the First Three Quarters of the Fiscal Year Ending March 31, 2016 (Japan GAAP) Name of Listed Company: Yokogawa Electric Corporation (the Company herein) Stock Exchanges
More informationACER INCORPORATED AND SUBSIDIARIES. Consolidated Balance Sheets
Consolidated Balance Sheets June 30, 2015, December 31, 2014, and (June 30, 2015 and 2014 are reviewed, not audited) Assets 2015.6.30 2014.12.31 2014.6.30 Current assets: Cash and cash equivalents $ 36,400,657
More informationDiluted net income per share. Six months ended Sep. 30, 2012 0.40 0.39 Six months ended Sep. 30, 2011 (1.09) -
November 9, 2012 Summary of Consolidated Financial Results for the Second Quarter of Fiscal Year Ending March 31, 2013 (Six Months Ended September 30, 2012) [Japanese GAAP] Company name: Japan System Techniques
More informationPEGAS NONWOVENS SA. First quarter 2010 unaudited consolidated financial results
PEGAS NONWOVENS SA First quarter 2010 unaudited consolidated financial results May 20, 2010 PEGAS NONWOVENS SA announces its unaudited consolidated financial results for the first quarter of 2010 to March
More informationBrief Statement of the Third Quarter Financial Results for the Fiscal Year Ending March 2016 [Japanese GAAP (Consolidated)]
(Translation for reference only) In the event of any discrepancy between this translated document and the original Japanese document the original document shall prevail. Brief Statement of the Third Quarter
More informationIBM REPORTS 2013 FOURTH-QUARTER AND FULL-YEAR RESULTS
IBM REPORTS 2013 FOURTH-QUARTER AND FULL-YEAR RESULTS Fourth-Quarter 2013: o Diluted EPS: - GAAP: $5.73, up 12 percent; - Operating (non-gaap): $6.13, up 14 percent; o Net income: - GAAP: $6.2 billion,
More informationPRELIMINARY UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2014
DENSITRON TECHNOLOGIES PLC PRELIMINARY UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2014 Densitron Technologies plc ( Densitron or the Company or the Group ), the designer, developer and distributor
More information