SP Group A/S Reports Unaudited Consolidated Earnings Results Form the Third Quarter and Nine Months Ended September 30, 2012; Reaffirms Earnings Guidance for the Full Year of 2012
November 02, 2012 at 11:31 pm
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SP Group A/S reported unaudited consolidated earnings results form the third quarter and nine months ended September 30, 2012. For the quarter, the company reported revenue of DKK 274.309 million against DKK 247.811 million a year ago. EBITDA was DKK 25.529 million against DKK 26.411 million a year ago. Earnings before financial items were DKK 14.575 million against DKK 15.373 million a year ago. Profit before tax and non-controlling interests was DKK 10.364 million against DKK 9.926 million a year ago. Profit for the period was DKK 7.552 million against DKK 7.743 million a year ago. Profit for the period of which attributable to the company was DKK 7.722 million against DKK 6.995 million a year ago. Cash flows from operating activities was DKK 21.470 million against DKK 13.882 million a year ago.
For the nine months, the company reported revenue of DKK 822.591 million against DKK 726.527 million a year ago. EBITDA was DKK 74.306 million against DKK 72.118 million a year ago. Earnings before financial items were DKK 39.560 million against DKK 39.613 million a year ago. Profit before tax and non-controlling interests was DKK 28.269 million against DKK 25.615 million a year ago. Profit for the period was DKK 21.004 million against DKK 19.980 million a year ago. Profit for the period of which attributable to the company was DKK 21.301 million against DKK 17.741 million a year ago. Diluted earnings per share was DKK 10.25 against DKK 8.63 1 a year ago. Cash flows from operating activities was DKK 39.460 million or DKK 19.0 per share against cash flows used in operating activities DKK 0.105 million or DKK 0.1 per share a year ago. Net asset value per share was DKK 109 against DKK 91 a year ago.
The company continues to expect full-year 2012 profit before tax and non-controlling interests between DKK 40 to 45 million and revenue of around DKK 1,050 to 1,100 million. The company announced that 2012 depreciation and amortisation charges are expected to be slightly higher than in 2011.
SP Group A/S is a Denmark-based company active in the plastics industry, which consists of a number of plastic processing companies. The Company is engaged in the manufacture of molded plastic components and coatings on plastic and metal components. Its operations are divided into two business areas. The Surface Solutions business area consists of the Norwegian company Accoat AS, which delivers surface solutions with Teflon (PTFE) to a diversity of industries worldwide, and the Plastic Solutions business area, that consists of e.g., Plexx AS that develops, creates prototypes, produces and refines plastic parts. SP Group is a supplier of plastic processed parts to Danish industry and has its own factories in Denmark, China, USA, Latvia, Slovakia, Sweden and Poland.
SP Group A/S Reports Unaudited Consolidated Earnings Results Form the Third Quarter and Nine Months Ended September 30, 2012; Reaffirms Earnings Guidance for the Full Year of 2012
SP GROUP A/S 
