Brief: Broedrene Hartmann Q3 Operating Profit Up At DKK 81 Mln

Broedrene Hartmann A/S

13/11/2019 07:57

Nov 13 (Reuters) - Broedrene Hartmann A/S  HARTb.CO :
    * REG-HARTMANN DELIVERED STRONG PERFORMANCE IN Q3 2019
    * Q3 GROUP REVENUE INCREASED TO DKK 591 MILLION (2018: DKK
453
MILLION)
    * Q3 OPERATING PROFIT INCREASED TO DKK 81 MILLION (2018: DKK
26
MILLION)
    * 2019 PROFIT MARGIN IS EXPECTED TO REACH AROUND 11% BEFORE
RESTATEMENT FOR HYPERINFLATION AGAINST PREVIOUS GUIDANCE OF A
PROFIT MARGIN BETWEEN 9% AND 11% BEFORE RESTATEMENT FOR
HYPERINFLATION
    * NOW EXPECTS 2019 REVENUE TO REACH UPPER END OF DKK 2.2-2.4
BILLION RANGE WITH A PROFIT MARGIN AROUND 11%
    * PERFORMANCE IN FINAL QUARTER OF YEAR IS EXPECTED TO BE
FAVOURABLY AFFECTED BY CONTINUED VOLUME GROWTH, HIGHER AVERAGE
SELLING PRICES AND EFFICIENT CORE BUSINESS OPERATIONS
    * SALES OF MACHINERY AND TECHNOLOGY ARE STILL EXPECTED TO
NORMALISE IN 2019 AT A LEVEL DOWN FROM 2018 HIGH

Source text for Eikon:  ID:nGNE6ckvb 
Further company coverage:  HARTb.CO 

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