Deufol's 1Q 2013 total sales were Euro 76.4 million; 3.7% lower than in the same period in the previous year. Earnings before interest, taxes, depreciation and amortization (EBITDA) were Euro 2 million in the 1Q (previous year: Euro 3.7 million).

包装纸&板

Deufol reported 1Q EBITDA of Euro 2 million

May 20, 2013. /Lesprom Network/. Deufol's 1Q 2013 total sales were Euro 76.4 million; 3.7% lower than in the same period in the previous year. Adjusted for the slight depreciation of the US dollar versus the Euro which averaged 0.7%, this decline amounts to 3.6%, as the company said in a press release received by Lesprom Network. 

In Germany (including the holding company), sales were at Euro 43.3 million 5.9% lower than in the same quarter in the previous year. Around two-thirds of the decline in sales is attributable to the closure of the Euskirchen location. In the Rest of Europe, sales rose by 3.1% to Euro 20.6 million. In the USA/Rest of the World, sales were 6.5% lower than in the previous year, at Euro 12.5 million.

Earnings before interest, taxes, depreciation and amortization (EBITDA) were Euro 2 million in the 1Q (previous year: Euro 3.7 million). Depreciation of tangible assets and amortization of other intangible assets decreased from Euro 2.2 million to Euro Euro 1.9 million.

The operating result (EBITA) amounted to Euro 0.1 million and was thus lower than the previous year’s figure of Euro 1.4 million. This result includes one-off expenses in the amount of Euro 0.5 million in connec-tion with the Euro 26 million action for damages versus former managers of the company. In the same quarter in the previous year, these expenses totaled Euro 1.10 million and were mainly incurred by the holding company.

The individual segments developed as follows in the first three months of the year: In Germany, EBITA amounts to Euro 1.7 million (previous year: Euro 2.5 million). The lower results are mainly attributable to a lower volume of business at two key locations. Customer business has picked up more slowly here than in the previous year. In addition, the moderate economic trend and the tough winter have curbed business development in the first quarter. This has particularly affected our outdoor packaging activities.

In the Rest of Europe, EBITA fell from Euro 1 million to Euro 0.8 million. This was mainly due to lower results for our Belgian location in Tienen. The USA/Rest of the World segment realized a result of – Euro 0.8 million. Data Packaging suffered here following the cancellation of orders from a major client. The EBITA loss of Deufol SE (the holding company) was Euro 1.6 million, compared to Euro 1.7 million in the previous year.

The result for the period amounted to – Euro 1.2 million. After deduction of the profit shares of noncontrolling interests (Euro 0.2 million), there is a net loss of Euro 1.3 million (previous year: profit of € 0.1 million) attributable to the shareholders of Deufol SE. Earnings per share in the first three months were – Euro 0.029.

In the first three months, the cash flow provided by operating activities amounted to – Euro 3.2 million and was thus lower than the level in the previous year (Euro 5.7 million). This decrease is mainly attributable to the Euro 7.3 million decrease in trade payables in the 1Q 2013.

The financial liabilities of the Deufol Group increased in the first three months of the fiscal year by Euro 4.5 million to Euro 75.4 million. As cash and financial receivables simultaneously decreased (–Euro 1.1 million), the net financial liabilities rose somewhat more strongly, by Euro 5.6 million from Euro 55.0 million at the end of the year to Euro 60.6 million.

Deufol SE confirms its planning figures published for fiscal year 2013 in its annual financial report. These envisage sales of between Euro 310 million and Euro 325 million and an operating result (EBITDA) of between Euro 18 million and Euro 20 million

Deufol Group is a global premium- provider of packaging services and associated services. Its performance range includes Export & Industrial Packaging, Automated Packaging, Data Packaging, Promotional & Display Packaging and services supplementary to the packaging process.