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
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
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
"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
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."
The East Asiatic Company Ltd. A/S
For additional information, please contact:
President & CEO Niels Henrik Jensen
+45 35 25 43 00
Group CFO Michael Østerlund Madsen
+45 35 25 43 00
No 1_EAC Annual Report 2011.pdf
EAC_Annual Report 2011_UK.pdf