DGAP-News: Haniel makes good progress with debt reduction?profit significantly higher (news with additional features)
(firmenpresse) - DGAP-News: Franz Haniel&Cie. GmbH / Key word(s): Half Year Results
Haniel makes good progress with debt reduction?profit significantly
higher (news with additional features)
30.08.2013 / 09:15
---------------------------------------------------------------------
Haniel makes good progress with debt reduction?profit significantly
higher
Duisburg, 30 August 2013. The Haniel Group significantly increased its
profit in the first half of 2013. This was attributable to efficiency
enhancements across all divisions, in addition to the absence of one-off
expenses which weighed down profits in the previous year. 'Haniel is again
placing the highest priority on debt reduction in 2013. We are making good
progress and have reduced the Holding Company's net financial debt to EUR
1.9 billion', said Stephan Gemkow, Chairman of Haniel's Managing Board.
Economy impairs revenue development
The Haniel Group's revenue fell to EUR 12.6 billion in the first half of
2013, down from EUR 13.5 billion in the same period of the previous year.
In addition to the economic climate, the disposal of Irish and Czech
activities at Celesio had a negative effect on revenue. Adjusted for
corporate acquisitions and sales and currency translation effects, revenue
at the Haniel Group declined by 4 per cent. This was due primarily to
declining revenue at ELG, caused by weaker prices and demand for raw
materials. The economy was also felt at TAKKT and resulted in
acquisition-adjusted revenue declines - above all at TAKKT EUROPE. Celesio
also posted lower revenue. In addition to a declining market in France,
savings in healthcare in several countries were also responsible for this
decline. CWS-boco's service business remained encouragingly stable,
although trade sales declined as a result of economic conditions.
Higher operating profit
During the first half of 2013, the Haniel Group generated operating profit
of EUR 293 million, thus exceeding the operating profit of EUR 275 million
in the previous year's period. This improvement is attributable to one-off
expenses for the Operational Excellence Program and the sale of various
business activities at Celesio, which had a negative impact in the previous
year. Lower revenue from lesser quantities and lower prices meant that
ELG's operating profit was significantly lower than in the previous year.
While TAKKT generated additional contributions to earnings from the
companies acquired in 2012, these were unable to fully compensate for
declining business growth due to the economy, in particular in Europe.
However, CWS-boco succeeded in slightly increasing its operating profit
despite lower revenue.
Profit before taxes up significantly year-on-year
The profit before taxes of EUR 143 million, which includes investment
results and the results from financing activities in addition to operating
profit, was considerably above the figure for the same period of the
previous year - EUR 11 million. The increase resulted - in addition to the
higher operating profit - from both higher investment results and improved
results from financing activities.
The higher investment result was attributable primarily to the Metro
investment. The METRO GROUP's business during the first half of 2013 was
impacted by worsened consumer confidence, in particular in southern Europe.
Nonetheless, the earnings contribution for Haniel from the Metro investment
was higher than in the previous year.
Outlook
Haniel expects economic conditions to remain difficult in the second half
of the year, particularly in Europe. 'Macroeconomic development will remain
susceptible to external disruptions. However, we are confident that we will
be able to conclude financial year 2013 with a significant profit before
taxes', said Stephan Gemkow.
Please see for the figures at a glance the attached PDF document or the
html version.
The full 2013 Half-Year Financial Report is available at
http://www.haniel.de/en/creditor-relations/financial-reports/consolidated-
financial-statements/.
The Haniel Group
Haniel is an internationally operating, family-owned group of companies. In
2012, its around 56,000 employees generated sales of EUR 26.3 billion in
more than 30 countries. The Holding Company regards itself as a creator of
value. It shapes the portfolio, controls the Group's strategy, and defines
the guidelines for Group-wide human resources management. Responsibility
for the operating business rests with the five divisions, all of which
occupy market-leading positions. Haniel distinguishes between wholly-owned
investments (CWS-boco and ELG), majority investments (TAKKT and Celesio)
and minority investments (METRO GROUP). In outline, the divisions are
CWS-boco, which ranks among the leading international vendors of washroom
hygiene products, dust control mats and textile services; ELG, a global
market-leading company in the trading and processing of raw materials for
the stainless steel industry; TAKKT, which is the leading B2B specialist
mail order company for business equipment in Europe and North America;
Celesio, one of the leading international service providers in the pharma
and healthcare sectors; and METRO GROUP, one of the most international
retailing companies in the world.
For more information on the Haniel Group visit www.haniel.com.
Contact:
Dietmar Bochert
Director Corporate Communications
Tel.: +49 203 806-578
E-Mail: DBochert(at)haniel.de
End of Corporate News
+++++
Additional features:
Document: http://n.equitystory.com/c/fncls.ssp?u=UVGQJRIAPF
Document title: 30-08-2013 Haniel Half Year Financial Report
---------------------------------------------------------------------
30.08.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: Franz Haniel&Cie. GmbH
Franz-Haniel-Platz 1
47119 Duisburg
Germany
Phone: +49 (0)203 806 578
Fax: +49 (0)203 806 80 578
E-mail: dbochert(at)haniel.de
Internet: www.haniel.de
ISIN: XS0482703286, XS0459131636
WKN: 601960, A1A6NE
Listed: Regulierter Markt in Hannover; Freiverkehr in Berlin,
Düsseldorf, Hamburg, Stuttgart; Frankfurt in Open Market
End of News DGAP News-Service
---------------------------------------------------------------------
228252 30.08.2013
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 30.08.2013 - 09:15 Uhr
Sprache: Deutsch
News-ID 292390
Anzahl Zeichen: 8317
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 319 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Haniel makes good progress with debt reduction?profit significantly higher (news with additional features)"
steht unter der journalistisch-redaktionellen Verantwortung von
Franz Haniel&Cie. GmbH (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
