Brief: Hartmann Q4 Operating Profit Falls To DKK 49 Million

Broedrene Hartmann A/S

26/02/2019 14:20

Feb 26 (Reuters) - Broedrene Hartmann A/S  HARTb.CO :
    * REG-HARTMANN IMPROVED ITS OPERATIONAL PERFORMANCE IN 2018
    * CURRENCY MOVEMENTS REDUCED REVENUE BY DKK 244 MILLION AND
OPERATING PROFIT BY DKK 40 MILLION IN 2018.
    * EARNINGS ARE EXPECTED TO BENEFIT FROM INITIATIVES
IMPLEMENTED
UNDER 'PERFORM 2018' PROGRAMME, WHICH WILL TAKE FULL EFFECT IN
2019
    * CAPITAL EXPENDITURE IS EXPECTED AT A LEVEL OF DKK 200
MILLION IN
2019
    * WE ANTICIPATE CONTINUED VOLUME GROWTH IN OUR CORE BUSINESS
IN
2019 ON BACK OF INTENSIFIED SALES EFFORTS IN ALL GROUP'S MARKETS
    * Q4 OPERATING PROFIT DKK 49  MILLION VERSUS DKK 74 MILLION
YEAR
AGO
    * Q4 REVENUE DKK 588 MILLION VERSUS DKK 566 MILLION YEAR AGO
    * BOARD OF DIRECTORS PROPOSES ALSO THIS YEAR TO PAY A
DIVIDEND OF
DKK 9.50 PER SHARE TO HARTMANN’S SHAREHOLDERS
    * 2019 TOTAL REVENUE AFTER RESTATEMENT FOR HYPERINFLATION IS
EXPECTED TO AMOUNT TO DKK 2.2-2.4 BILLION
    * LOWER CONTRIBUTION FROM HARTMANN TECHNOLOGY WILL IMPACT
NEGATIVELY ON EARNINGS

Source text for Eikon:  ID:nGNE2xw82t 
Further company coverage:  HARTb.CO 

 (Gdynia Newsroom)
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