Deufol AG reported 3Q EBITA of Euro 3.5 million
Nov 21, 2012. In a strong 3Q, Deufol's sales amounted to Euro 90.5 million. This represents growth of 13.5 % on the same period in the previous year. The 3Q operating result (EBITA) amounted to Euro 3.5 million (previous year: Euro 2.8 million). This corresponds to an improvement of 25.4 %.
Nov 21, 2012. /Lesprom Network/. In a strong 3Q, Deufol's sales amounted to Euro 90.5 million. This represents growth of 13.5 % on the same period in the previous year. The sales boost which was already apparent in the first half-year (3.9 %) has thus picked up, as the company said in a press release received by Lesprom Network.
Cumulative sales in the first nine months of 2012 were at Euro 248.5 million significantly higher (7.2 %) than in the same period in the previous year. In Germany, at Euro 134.4 million, sales were 4.2 % higher than in the previous year. In the Rest of Europe, sales declined by 4.2% to Euro 62.3 million. In the USA / Rest of the World, sales were significantly higher than in the previous year, at Euro 51.5 million, a rise of 37.0 %.
The 3Q operating result (EBITA) amounted to Euro 3.5 million (previous year: Euro 2.8 million). This corresponds to an improvement of 25.4 %. 3Q EBITA net of one-off expenses of Euro 0.5 million amounted to Euro 4 million, an increase of 42.8 %. These one-off expenses were almost entirely associated with the Euro 26 million action for damages against former managers of the Company. This also includes the costs associated with the launch of a European stock corporation (SE) and the registered shares.
EBITA net of cumulative one-off expenses of Euro 3.14 million amounted to Euro 9.17 million and thus clear-ly exceeded the figure for the previous year of Euro 7.88 million. The unadjusted EBITA for the first nine months of 2012 was Euro 6.03 million. Including a one-off effect in Belgium in the 2Q 2011 (release of liabilities to employees in the amount of Euro 0.78 million), the comparative operating basis amounted to Euro 7.10 million. Hence, the comparative operating result is around 29 % higher than in the previous year.
Unadjusted earnings before taxes (EBT) in the first nine months of the year were Euro 3.55 million. After income tax expenses (Euro 1.893 million), the result from continuing operations is Euro 1.66 million, compared to Euro 3.13 million in the first nine months of 2011.
The Deufol-Group is a global premium service provider for packaging and supplementary services. The listed group with headquarters in Hofheim (Germany) is internationally represented by 76 operations located in nine countries. On September 6, 2012, Deufol founded the subsidiary Deufol Asia PTE. LTD in Singapore in order to expand the range of services in Asia and actively support the group’s growth path.