Rebitda grows double-digit and faster than turnover
(Thomson Reuters ONE) - RECURRING NET PROFIT PER SHARE UP 11.1% TO ?0.40 MANAGEMENT CONFIRMS OUTLOOK FOR 2009Waregem (Belgium), 21 August 2009 - Today, Arseus publishes itsresults for the first half of 2009 in a separate document which isattached to this press release and has been posted on the company'swebsite www.arseus.com. This press release contains the key figuresand explanatory notes.Consolidated turnover in the first half of 2009 increased by 11.6% to?190.1 million, while REBITDA increased 12.0% to ?25.4 million. Netprofit was 5.1% lower, mainly due to higher depreciation andamortisation and the recognition of the revaluation of the financialderivatives, a non-cash item, in the income statement. Recurring netprofit increased 7.9% to ?12.1 million, while recurring net profitper share was 11.1% higher at ?0.40.Ger van Jeveren, CEO van Arseus: 'Although economic conditions arestill difficult, Arseus can look back on a successful half-year, withdouble-digit growth in both turnover and REBITDA. Turnover was up11.6% at ?190.1 million, while REBITDA grew 12.0% to ?25.4 million.Organic growth turned out at 4.0%. All Arseus divisions played a partin this strong performance. These results are in line with ourearlier outlook for the full year, with REBITDA growing faster thanturnover in 2009.The cost-reduction programme announced in early 2009 is on track andis already starting to bear fruit. We shall continue with thecost-saving programme in the second half, without jeopardising ourlong-term strategic objectives. Despite the economic crisis, we aremaking targeted investments in 2009 to optimise the organisation andfurther consolidate our leading market positions in Europe.We are confident about the future and we confirm our earlierfull-year outlook for 2009.'The press release (including tables) can be downloaded from thefollowing link:http://hugin.info/138311/R/1336298/317969.pdfhttp://hugin.info/138311/R/1336298/317970.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 21.08.2009 - 07:30 Uhr
Sprache: Deutsch
News-ID 4931
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