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IC Companys Q3'FY14 revenues up 7% to DKK 49mn

15 May '14
3 min read

On 27 March 2014 IC Companys announced that it had sold its Mid Market division to DK Company. Pursuant to the agreement, DK Company has acquired the entire Mid Market division including all trademarks, commercial rights and obligations as well as employees and retail stores.

In the future the Group’s strategic focus will be completely on the continuous development and operation of the three Premium brands. The final closing of the agreement with DK Companyis expected to take place by 30 June 2014.

Unchanged outlook for continuing operations for 2013/14 
In connection with the announcement of the sale of the Mid Market division the Group specified its outlook for continuing operations for 2013/14. The outlook for the financial year 2013/14 is thus unchanged.
 
The Group’s three Premium brands are expected to continue the positive development. Consequently, the consolidated revenue from continuing operations for 2013/14 is expected to attain a level of DKK 2,560 - 2,580 million.
 
The consolidated operating profit for the financial year 2013/14 is expected to attain a level of DKK 195 - 215 million.
 
Investments for the financial year 2013/14 are expected to attain a level of DKK 70 - 90 million primarily for an expansion of the distribution in the two Premium segments.
 

IC Companys

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