UNTERNEHMENSNEWS |
|---|
6:30 | 21.02.2008
DJ DGAP-Adhoc: Pfleiderer AG: Pfleiderer generates EBITDA of EUR249 million in 2007
DJ DGAP-Adhoc: Pfleiderer AG: Pfleiderer generates EBITDA of EUR249 million in 2007
Pfleiderer AG / Preliminary Results
21.02.2008
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
=--------------------------------------------------------------------------
Pfleiderer generates EBITDA of EUR249 million in 2007
Neumarkt, February 21, 2008 - According to its preliminary figures,
Pfleiderer AG reported record consolidated revenues and profit in 2007.
Earnings before interest, taxes, depreciation, and amortization (EBITDA)
rose by approximately 20% to EUR248.7 million. This figure is at the top end
of the forecast target corridor of EUR240 to EUR250 million. At 13.8%, the
EBITDA margin was down from last year's figure of 14.7%, but this had been
expected due to costs for integration and restructuring measures at Pergo
and the rationalization program in Western Europe. These costs amounted to
EUR21.6 million in 2007. At EUR1.8 billion, consolidated revenues were up a
good 27% year-on-year, whereby 11 percentage points are attributable to
organic growth and 16 percentage points to external growth. Pfleiderer's
own target of EUR1.9 billion was not achieved due to currency translation
effects and postponed revenues in North America. However, since the
majority of these postponed revenues will be recovered and the order
situation is promising, Pfleiderer expects consolidated revenues in the
order of EUR2 billion and an improvement in the Group-wide EBITDA margin to
15% in 2008.
Consolidated EBIT grew by around 3% to EUR136.8 million (EUR133.0 million) due
to increased depreciation and amortization, which also primarily related to
the acquisition of Pergo. Pre-tax earnings were EUR90.6 million (EUR92.4
million) after adjustment for net financial expenses of EUR46.0 million
(EUR40.3 million). Profit after tax from continuing operations increased by
19% to EUR79.7 million thanks to a significantly lower tax rate.
Cash flow from operating activities increased significantly in the year
under review from EUR111.4 million to EUR198.0 million. The equity ratio rose
by two percentage points to 41.7% despite total assets increasing by 40%
primarily due to the initial consolidation of Pergo. Net debt was EUR618.2
million at the end of 2007, compared with EUR414.6 million in the previous
year.
21.02.2008 Financial News transmitted by DGAP
=--------------------------------------------------------------------------
Language: English
Issuer: Pfleiderer AG
Ingolstädter Straße 51
93218 Neumarkt
Deutschland
Phone: +49 (0)9181 28 - 8491
Fax: +49 (0)9181 28 - 606
E-mail: gala.conrad@pfleiderer.com
Internet: www.pfleiderer.com
ISIN: DE0006764749
WKN: 676474
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service
=--------------------------------------------------------------------------
(END) Dow Jones Newswires February 21, 2008 01:30 ET (06:30 GMT) |
| Weitere Meldungen |
|---|