Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Copenhagen Stock Exchange  >  Santa Fe Group A/S    OSTC   DK0010006329

SummaryChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

East Asiatic Company : EAC Annual Report 2011 - Announcement no. 1/2012

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/23/2012 | 02:13pm CEST

Executing the strategy

EAC's annual results for 2011 are positively affected by strategic initiatives in both businesses.

  • Consolidated revenue reached DKK 6,274m. (including hyperinflation adjustments), an increase of 62.6 per cent over 2010.
  • EBITDA (excluding other taxes) was DKK 573m, corresponding to an EBITDA margin of 9.1 per cent.
  • The Supervisory Board proposes a dividend of DKK 5 per share.

EAC outlook for 2012: Consolidated revenue of around DKK 8.1bn and EBITDA margin above 8.5 per cent.

EAC President & CEO, Niels Henrik Jensen, comments on results:

"In 2011 we took a number of important strategic initiatives which further expanded and consolidated our market leading position in both of our businesses. The results validate our plan to establish Santa Fe and Plumrose as independent listed companies.

In Santa Fe, the two major acquisitions placed our operation among the world's leading service providers in the mobility industry. Our improved ability to offer global, single-source solutions to multinational corporate customers and partners has been met with broad based recognition and resulted in attractive sales synergies - and continued growth is expected supported by a positive market development.

The solid results in Plumrose were also reinforced by a strategic acquisition which provided an attractive, complementary product portfolio and additional production capacity. Combined with effective price management, product innovation and intensive sales and marketing, Plumrose succeeded in increasing sales and further consolidating its market position in a contracting market."

Yours sincerely,

The East Asiatic Company Ltd. A/S

For additional information, please contact:

President & CEO Niels Henrik Jensen
+45 35 25 43 00
nhj@eac.dk

Group CFO Michael Østerlund Madsen
+45 35 25 43 00
mom@eac.dk

Attachments:
No 1_EAC Annual Report 2011.pdf
EAC_Annual Report 2011_UK.pdf

share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on SANTA FE GROUP A/S
06/28 SANTA FE A/S : Relocation Services launches 2016 Global Mobility Survey Report
06/28 SANTA FE A/S : Relocation Services launches 2016 Global Mobility Survey
06/23 SANTA FE A/S : 2016 Asia Mobility Roadshow Wrap Up
06/16 SANTA FE A/S : 2016 ASIA Mobility Roadshow
06/06 SANTA FE A/S : Immigration Update - Malaysia | Introduction of Application Charg..
06/06 SANTA FE A/S : Immigration Update - Shanghai, China | Update on Annual Inspectio..
05/31 SANTA FE A/S : 2016 Global Mobility Survey Seminar |LONDON| 29 June
05/19 SANTA FE A/S : SFG Interim Report Q1 2016 - Company announcement No. 6/2016
05/13 SANTA FE A/S : UAE HR Breakfast 29th May - Procurement
05/13 SANTA FE A/S : 2016 Asia Mobility Roadshow - SINGAPORE
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials