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Period in-between Monetary Record, Q3 2024


Corporate announcement Deny. 569, 2024 

COPENHAGEN, Denmark, Nov. 19, 2024 /PRNewswire/ — CHIEF EXECUTIVE OFFICER JÖRG BRINKMANN QUOTE

“Overall, I am very pleased with our Q3 performance. Our gross margin improved to 24%, better reflecting the underlying performance of the business and our restructuring program over the last two years. On top of this Poland and the UK markets are slowly improving building activity. Consequently, we are increasing output from the plant network and have successfully completed the re-opening of our UK plant in Pollington. Another key highlight of the quarter was the successful completion of the sale of the closed down plant in Warsaw, which brings our financial gearing closer to our long-term target.” says CEO Jörg Brinkmann.

PERFORMANCE HIGHLIGHTS FOR Q3 2024 (Q3 2023)

  • Gross sales quantity greater via 5% pushed via expansion in the United Kingdom and Poland, offset via the German marketplace, which is weaker than ultimate 12 months.
  • Income expansion deliberate in native currencies (“organic growth”) was once 2% (adverse 24%).
  • Rude benefit sooner than particular pieces was once DKK 174 million (DKK 138 million), similar to a improper margin of 24% (20%). The rise is pushed via upper gross sales costs, normalised gasoline prices and adversely impacted via some de-stocking and the stand-still of the Borough Inexperienced plant in July.
  • EBIT sooner than particular pieces was once DKK 53 million (DKK 13 million), similar to an EBIT margin sooner than particular pieces of seven% (2%).
  • Monetary gearing was once 4.4 instances EBITDA sooner than particular pieces on the terminate of Q3 2024 (2.6 instances EBITDA on the terminate of Q3 2023).

OTHER KEY EVENTS

  • Sale of closed ailing plant in Warsaw for PLN 110 million finished nearest the stability sheet year. We predict our year-end monetary gearing to be round three times EBITDA sooner than particular pieces.
  • Re-opening of Pollington 1 in the United Kingdom finished.

UPDATED FINANCIAL OUTLOOK FOR 2024 

  • Income expansion deliberate in native currencies is predicted to round 0% (Unchanged).
  • EBIT sooner than particular pieces is predicted to be within the space of DKK million 50 to 80 (from 50 to 100).

Q3 2024 INTERIM FINANCIAL REPORT CONFERENCE CALL

In reference to the drop of the Q3 2024 Period in-between Monetary Record, a convention name for traders and analysts is scheduled for Wednesday 20 November 2024, at 10:00 p.m. CET. The presentation shall be adopted via a Q&A consultation. Contributors can practice the convention name by the use of are living webcast here.

CONTACT:

For additional knowledge please touch:
Niclas Bo Kristensen
Head of Investor Family members & Treasury
+45 24 48 03 67
[email protected] 

This knowledge was once dropped at you via Cision http://news.cision.com

Refer to information are to be had for obtain:

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