LOOSER HOLDING AG Press Release
Looser Holding AG: 2015 semi-annual financial statements
- Net revenues CHF 219.1 million (prior year: CHF 243.9 million); 1.5 percent decline after currency adjustments
- EBITDA CHF 25.4 million (prior year: CHF 30.6 million); EBITDA margin 11.6 percent
- Consolidated net income CHF 5.9 million (prior year: CHF 9.7 million)
The weaker Euro continues to have a significant impact on the revenue and earnings development of Looser Holding AG headquartered in Arbon (Switzerland). In the first half of 2015, the Group generated net revenues of CHF 219.1 million, a decline by 10.2 percent from the prior year period and by 1.5 percent after currency adjustments. The operating result (EBITDA) of CHF 25.4 million fell markedly against the prior year (prior year: CHF 30.6 million). On the other hand, the EBITDA margin of 11.6 percent remained at the level recorded for the full financial year 2014.
The consolidated net income of CHF 5.9 million declined from the prior year figure (prior year: CHF 9.7 million). This was mainly due to currency losses and the revaluation of an interest rate swap as a result of the discontinuation of the minimum Euro exchange rate. At 41.2 percent, the equity ratio continues to be sound.
The full 2015 semi-annual report, including detailed information on Looser Holding's business segments, will be published on August 20, 2015.
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