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IC Companys posts marginal hike in FY'13 sales
22
Aug '13
Consolidated revenue for 2012/13 of continuing operations amounted to DKK 3,314 million corresponding to an increase of 1% compared to 2011/12. Consolidated operating profit amounted to DKK 157 million and was negatively affected by total non-recurring costs of DKK 53 million.

After having adjusted for the total non-recurring costs, the Group’s continuing operations generated an operating profit of DKK 210 million which is the same level as last financial year (also adjusted).

Solid cash flows contributed to a reduction of the net interest-bearing debt and consequently this means that an extraordinary dividend of DKK 100 million is considered distributed during 2013/14 besides the ordinary dividend of DKK 33 million (DKK 2.00 per share).

The Premium Outdoor segment realised a revenue of DKK 931 million for 2012/13 (DKK 976 million) which constitutes a setback of 5%. The operating profit amounted to DKK 69 million (DKK 55 million) corresponding to an EBIT margin of 7.4%.

The Premium Contemporary segment realised a revenue of DKK 1,064 million for 2012/13 (DKK 905 million) which constitutes an increase of 18%. The operating profit amounted to DKK 95 million (DKK 98 million) corresponding to an EBIT margin of 8.9%.

The Mid Market Contemporary segment realised a revenue of DKK 891 million for 2012/13 (DKK 995 million) which constitutes a decline of 11%. The operating loss amounted to DKK 37 million (profit of DKK 40 million) corresponding to a negative EBIT margin of 4.2% and was significantly affected by total non-recurring costs of DKK 46 million for the financial year under review.

Consolidated revenue for 2012/13 of continuing operations amounted to DKK 3,314 million (DKK 3,293 million) corresponding to an improvement of 1% compared to 2011/12. The last reported outlook inca-ted an expected level of DKK 3,250-3,300 million. Consolidated revenue for Q4 2012/13 amounted to DKK 624 million corresponding to an increase of 10%.

Consolidated gross profit for 2012/13 amounted to DKK 1,869 million (DKK 1,835 million) and the Group thus realised a gross margin of 56.4% (55.7%) corresponding to an increase of 0.7 percentage points compared to last financial year. The gross margin for Q4 2012/13 amounted to 53.9% corresponding to a decline of 3.7 percentage points compared to Q4 2011/12.

Consolidated costs for 2012/13 amounted to DKK 1,712 million (DKK 1,639 million) corresponding to an increase of 4%. The Group thus realised a cost rate of 51.7% (49.8%) which is 1.9 percentage points higher compared to 2011/12.

After having adjusted for the non-recurring costs of DKK 53 million (DKK 14 million) and the negative impact from foreign currency translation of DKK 45 million, the costs of continuing operations were reduced by DKK 11 million compared to last financial year.

Consolidated operating profit for 2012/13 of continuing operations amounted to DKK 157 million (DKK 195 million) and the Group thus realised an EBIT margin of 4.7% (5.9%). The Group suffered an operating loss of DKK 98 million for Q4 2012/13 corresponding to a deterioration of DKK 45 million compared to Q4 2011/12.

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