In Germany (including the holding company), sales amounted to Euro 39.7 million (previous year: Euro 43.3 million). Around Euro 2.5 million of this decline in the volume of sales is attributable to changes to the scope of consolidation. In the Rest of Europe, Deufol realized sales in the amount of Euro 18.3 million (previous year: Euro 20.6 million). In the USA / Rest of the World segment, sales rose to Euro 13 million (previous year: Euro 12.5 million).
Earnings before interest, taxes, depreciation and amortization (EBITDA) were Euro 2.9 million in the 1Q (previous year: Euro 2 million). Depreciation of tangible assets and amortization of other intangible assets decreased from Euro 1.9 million to Euro 1.8 million.
The operating result (EBITA) amounted to Euro 1.1 million and was thus significantly higher than the previous year’s figure of Euro 0.1 million.
The results for the individual segments are not directly comparable with the previous year, due to higher intragroup transfer payments. However, for the purpose of improved comparability the adjusted results are indicated in brackets.
In the first three months, the cash flow provided by operating activities amounted to – Euro 2.4 million and was thus higher than the level in the previous year (– Euro 3.2 million).
The financial liabilities of the Deufol Group increased in the first three months of the fiscal year by Euro 3.4 million to Euro 66.2 million. As cash and financial receivables simultaneously decreased (– Euro 2.3 million), the net financial liabilities rose somewhat more strongly, by Euro 5.7 million from Euro 50.3 million at the end of the year to Euro 56 million.
Deufol SE is a global premium service provider for packaging and related services.
