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D.Logistics improves net earnings in Q2 2006 by 32 % |
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Sales growth by 4.0 % to €78.5 million
Operating result (EBITA) totals €3.4 million and is burdened for the last time by the loss of Schumacher GmbH (€-0.74 million)
EBT totals €3.7 million (prior-year: €3.3 million)
Net earnings increased 32 % to €2.3 million (prior-year: €3.3 million)
Net financial debt reduced further by €2.9 million to €54 million
Satisfactory revenue growth
With a sales growth of 4.0 % to €78.5 million D.Logistics AG underlines the positive trend of the last quarters. In the first half of the year, sales totaled €157.4 million, up 4.9 % on the first half of 2005. Sales growth in Q2 was mainly driven by increasing revenues in the USA (+17.3 %), the proportion of group revenues generated in this region increased
Consumer Goods Packaging remained the most significant area of activity (share of revenue 36.3 %) followed by Industrial Goods Packaging (36.3 %) and Warehouse Logistics (21.2 %). Net earnings up by one third
Operating earnings (EBITA) totaled € 3.4 million in the second quarter (prior-year: € 4.0 million).
These earnings were depressed by around € 0.74 million from Schumacher GmbH, which was sold in the third quarter. It is notable These earnings were depressed by losses from Schumacher GmbH, which was sold in the third quarter. The loss amounted to €0.74 million in Q2 and to €1.27 million in the first six months.
Higher financial income and lower finance costs led to higher pre tax earnings (EBT), which increased by 11 % on the previous year to €3.7 million.
The highest rate of growth was recorded in net earnings which increased in Q2 by 32 % to €2.3 million. In the first six months of 2006 the accumulated net profits were up 43.9 % on the same period of the previous year. It should be taken into account that the previous year‘s figure includes profits from discontinued operations totaling € 0.68 million.
Earnings per share in Q2 totaled € 0.06 (previous year: € –0.04)
Net Financial debt cut still further
Also positive to notice is that net financial liabilities could be reduced further; in the second quarter 2006 net financial debt fell by € 2.9 million to € 54.0 million. At the same time the equity ratio increased to 37.5 %.
Source: Press Release
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