Financial results - revenues and profits

Financial results - revenues and profits

ID: 8164

(Thomson Reuters ONE) - Financial results - revenues and profitsIn the first nine months of 2009 Ekornes generated gross operatingrevenues of NOK 1,908.5 million, a drop of NOK 19.7 million or 1 percent compared with 2008. Calculated at fixed exchange ratesunderlying operating revenues fell by 7.2 per cent.The Group made a consolidated operating profit of NOK 334.2 million(17.5 per cent) in the year to 30 September 2009, compared with NOK313.0 million (16.2 per cent) in the corresponding period in 2008.This represents an increase of 6.8 per cent.Profit before tax totalled NOK 294.4 million (15.4 per cent),compared with NOK 323.3 million (16.8 per cent) in 2008. This is areduction of NOK 8.9 per cent. Profits were negatively affected by aNOK 38.5 million reduction in the recorded value of balance sheetassets due to the strengthening of the NOK since the start of theyear. The corresponding figure for 2008 was an increase of NOK 11.2million.Profit after tax for the period totalled NOK 204.6 million, comparedwith NOK 224.6 million in 2008, which results in earnings per shareof NOK 5.56, compared with NOK 6.10 last year.Operating revenue in the third quarter 2009 totalled NOK 645.4million, compared to NOK 624.3 million in the corresponding quarterin 2008, an increase of 3.4 per cent. However, calculated at fixedexchange rates operating revenues were down by 1.3 per cent.Operating profit in the third quarter 2009 totalled NOK 146.5 million(22.7 per cent), compared with NOK 106.3 million (17.0 per cent) inthe same quarter last year. Profit before tax totalled NOK 123.1million (19.1 per cent), compared with NOK 121.4 million (19.4 percent) in the third quarter 2008. Profits in the third quarter werenegatively affected by a NOK 23.1 million reduction in the recordedvalue of balance sheet assets due to the strengthening of the NOKsince the end of the second quarter. The corresponding figure for2008 was an increase of NOK 18.1 million.Order receiptsAt the end of the first nine months of 2009 Ekornes had receivedorders worth NOK 2,038 million, up 10.3 per cent on the same periodlast year. Calculated at fixed exchange rates, however, orderreceipts were down by 1 per cent. As at 30 September 2009 Ekornes hadan order reserve of NOK 315 million, compared with NOK 215 million atthe same point last year.Order receipts in the third quarter 2009 totalled NOK 701 million,compared with NOK 561 million in the same quarter in 2008.Order receipts in October totalled NOK 284 million, compared with NOK216 million in October 2008.http://hugin.info/42/R/1353946/328061.docThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.



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Bereitgestellt von Benutzer: hugin
Datum: 10.11.2009 - 13:05 Uhr
Sprache: Deutsch
News-ID 8164
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