Greiffenberger Announces Group Earnings Results for the Year 2014; Provides Earnings Guidance for the Year 2015
Greiffenberger AG announced group earnings results for the year 2014. For the year, the company reported turnover of 152.2 million compared to 155.2 million a year ago. EBITDA was 9.4 million compared to 12.6 million a year ago. EBIT was 2.4 million compared to 6 million a year ago. Earnings were 0.4 million or 5 per share compared to 1.3 million or 0.27 per share a year ago. Operating cash flow was 5 million compared to 15.9 million a year ago. Net financial debt was 39.6 million compared to 40.5 million a year ago. Result impacted by sudden weakness in demand towards midyear 2014.
For the year 2015, the company expects significant growth in turnover and profit, despite a still subdued first quarter development.