In the financial year 2011, Looser Holding generated net revenues of 455.3 million Swiss francs (prior year: 480.7 million Swiss francs) and thus experienced a 1.6 percent growth against the prior year after acquisition-related and currency adjustments. Expressed in Swiss francs, revenues declined by 5.3 percent. For the full financial year 2011, management, from today's point of view, anticipates an operating result (EBITDA) above the prior year level and consolidated net income markedly exceeding the previous year's figure. Looser Holding will publish its 2011 financial statements and annual report on the occasion of the media and analyst conference to be held on 28 March 2012 in Zurich.
Looser Holding headquartered in Arbon (Switzerland) posted a
positive development despite volatile financial markets and a
difficult currency situation. After acquisition-related and
currency adjustments, net revenues increased by 1.6 percent
to 455.3 million Swiss francs*. When expressed in Swiss
francs, revenues declined by 5.3 percent against the prior
year which was mainly due to the continuously negative
development of the Euro and U.S. dollar, the early-cyclical
Coatings markets and weaker trading activities in the
Industrial Services segment. The markedly weaker Euro and
U.S. dollar resulted in a reduction of total revenues by
about 36.4 million Swiss francs.
* All figures are unaudited and preliminary
The Doors segment achieved an 8.6 percent revenue growth
after currency adjustments. The Temperature Control segment
also continued to report a positive development, posting an
8.7 percent revenue growth after currency adjustments.
Revenues after currency adjustments in the Industrial
Services segment declined slightly by 0.7 percent. The
Coatings segment reported a drop in revenues after
acquisition-related and currency adjustments by 5.4
percent.
Taking into account positive non-recurrent effects,
management anticipates EBITDA above the prior year level and
consolidated net income markedly exceeding the previous
year's figure with respect to the full financial year
2011.
The 2011 financial statements and annual report will be
published at the media and analyst conference on 28 March
2012 in Zurich.
Key figures of the Looser Group (unaudited)
(amounts in millions of Swiss francs)
1/1- 31/12/11 | 1/1-31/12/10 | + / - in % | |
Net revenues Looser Group | 455.3 | 480.7 | - 5.3 % |
Change after acquisition-related and currency adjustments | + 1.6 % | ||
Net revenues Coatings | 188.6 | 206.5 | - 8.7 % |
Change after acquisition-related and currency adjustments | - 5.4 % | ||
Net revenues Industrial Services | 58.9 | 59.8 | - 1.5 % |
Change after currency adjustments | - 0.7 % | ||
Net revenues Temperature Control | 33.8 | 34.9 | - 3.2 % |
Change after currency adjustments | + 8.7 % | ||
Net revenues Doors | 178.2 | 184.0 | - 3.2 % |
Change after currency adjustments | + 8.6 % | ||
About Looser Holding AG Looser Holding AG is an international industrial holding company headquartered in Arbon (Switzerland). The corporate Group is active in the Coatings, Temperature Control, Industrial Services and Doors sectors. More than 1,700 employees work for the Group in 23 facilities in Europe, Asia and the U.S.A. Looser Holding AG's registered shares are listed on the SIX Swiss Exchange (Main Standard). |
Finance agenda | |
28 March 2012 | Media and analyst conference - financial year 2011 |
20 April 2012 | Annual general meeting of Looser Holding AG |
27 April 2012 | 2012 Q1 results press release |
21 August 2012 | 2012 mid-year results press release |
2 November 2012 | 2012 Q3 results press release |
distribué par | Ce noodl a été diffusé par Looser Holding AG et initialement mise en ligne sur le site http://www.looserholding.ch. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-18 07:08:52 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |