Arbon, April 30, 2015
- Net revenues of CHF 107.6 million after currency adjustments at prior year level
(-0.6 percent)
- EBITDA CHF 11.2 million (prior year: CHF 14.0 million), EBITDA margin 10.4 percent
In the first quarter of 2015, the key figures of Looser Holding AG, headquartered in Arbon
(Switzerland), were significantly affected by the weaker Euro. In the first three months of
2015, the Looser Group generated net revenues of CHF 107.6 million
(prior year: CHF 118.0 million). This corresponds to an 8.8 percent decline when compared to the previous year. At constant exchange rates, the decline amounted to 0.6 percent. The operating result (EBITDA) decreased to CHF 11.2 million (prior year: CHF 14.0 million), and the EBITDA margin was 10.4 percent, compared to 11.9 percent in the previous year. The Looser Group closed the first quarter of 2015 with consolidated net income of
CHF 1.9 million (prior year: CHF 3.4 million).
(CHF 8.6 million) to CHF 8.3 million. In local currencies, the segment reported a significant growth by more than 10.0 percent. The Doors segment recorded a 6.1 percent decline in net revenues from the previous year to CHF 52.8 million (prior year: CHF 56.3 million). After currency adjustments, however, the segment saw a marked increase in revenues by
7.6 percent.
Due to the significantly stronger Swiss franc, the Looser Group expects that revenues for the full financial year 2015 will decline while the operating margin will remain at the prior year
level.
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(amounts in thousands of CHF)
01.01. to 31.03.2015 | 01.01. to 31.03.2014 | |
Net revenues | 107,603 | 118,045 |
Change in net revenues (in %) | -8.8 | |
Change in net revenues after currency adjustments (in %) | -0.6 | |
Earnings before interest, taxes, depreciation and amortization (EBITDA) | 11,206 | 14,010 |
EBITDA as a percentage of net revenues | 10.4 | 11.9 |
Earnings before interest and taxes (EBIT) | 5,601 | 8,444 |
EBIT as a percentage of net revenues | 5.2 | 7.2 |
Consolidated net income | 1,941 | 3,411 |
Earnings per registered share (in CHF) | 0.51 | 0.90 |
Cashflow from operating activities | -8,988 | -9,119 |
As of 01.03.2015 | As of 31.12.2014 | |
Shareholders' equity | 202,562 | 217,904 |
Net debt | 125,572 | 119,674 |
Number of full-time equivalents | 2,255 | 2,255 |
(amounts in thousands of CHF)
01.01. to 31.03.2015 | 01.01. to 31.03.2014 | +/- in % | *+/- in % | |
Net revenues Coatings | 36,239 | 42,291 | -14.3 | -12.7 |
Net revenues Industrial Services | 11,416 | 12,190 | -6.3 | -4.7 |
Net revenues Temperature Control | 8,263 | 8,568 | -3.6 | 10.0 |
Net revenues Doors | 52,833 | 56,284 | -6.1 | 7.6 |
*after currency adjustments
About Looser Holding AG
Looser Holding AG is an international industrial holding company headquartered in Arbon (Switzerland). The corporate group is active in the Coatings, Industrial Services, Temperature Control, and Doors sectors. Around 2,250 employees work for the group in 21 operational facilities in Europe, Asia and the U.S.A. Looser Holding AG's registered shares are listed on
the SIX Swiss Exchange (Main Standard). www.looserholding.com
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Financial calendar 2015/2016 | |
August 20, 2015 | 2015 mid-year results press release |
Publication of 2015 Mid-year report | |
November 3, 2015 | Q3/2015 press release |
January 20, 2016 | 2015 revenues press release |
March 17, 2016 | 2015 results press release |
Media and analysts' conference on 2015 results | |
Publication of Annual report 2015 | |
April 21, 2016 | Looser Holding AG, 11th General meeting |
May 03, 2016 | Q1/2016 results press release |
August 16, 2016 | 2016 mid-year results press release |
Publication of Mid-year report 2016 | |
November 02, 2016 | Q3/2016 press release |
Text and pictures are available for downloading at http://www.looserholding.com/1/media/press-releases/and
http://www.looserholding.com/1/media/images/.
Tim Talaat, CEO, Chairman of the Group Executive Management, and
Christoph Fierz, CFO
Telephone: +41 (0) 52 244 86 86
Fax: +41 (0) 52 244 86 81
E-mail: info@looserholding.com
Internet: www.looserholding.com
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