Annual report 2015/16

Allerød, 2016-05-27 07:56 CEST (GLOBE NEWSWIRE) -- The Board of Directors of Matas has today adopted the annual report for 1 April 2015 - 31 March 2016.

Terje List, CEO: "2015/16 and especially Q4 showed a challenging sales development for Matas. It is therefore positive that the weak finish to the financial year in especially March was more than offset by a good start to the new financial year, leading to the two months of March and April showing positive sales growth combined. Despite the difficult conditions, we maintained revenue, earnings and cash flow at high level, leading us to plan to initiate an increased share buy back program as early as Q2 2016/17. With the development of a number of new strategic initiatives, of which some will be implemented in the first half of 2016/17, we view positively on growth opportunities for 2016/17."

Expectations:

The financial expectations for 2016/17 are as follows:

§ Revenue is expected to show a like-for-like growth of about 1-3% including a positive calendar effect.

§ The EBITA margin is expected at a level slightly below 17%.

§ CapEx of around DKK 90-100 mill. (excluding acquisition of stores)

Coference Call:

Matas will host a conference call for investors and analysts on 27 May 2016 at 10.00 a.m. CET. The conference call presentation will be available on our investor website investor.en.matas.dk.

Participant dial-in:

UK:                                                   +44(0)20 3427 1904

US:                                                   +1 212 444 0895

Denmark:                                         +45 32 71 16 59

Confirmation code:                           8347186

Please dial in 5-10 minutes prior to the start time using the number / Conference ID below:

Link til webcast: http://edge.media-server.com/m/p/x4ttj86g

Annual General Meeting:

The annual general meeting will be held on Wednesday 29 June 2016 at 16:00 (CET) in Tivoli Hotel & Congress Center, Arni Magnussons Gade 2-4, DK-1577 Copenhagen V.

Contact persons:

Terje List                                                        Søren Mølbak

CEO, tel:  + 45 48 16 55 55                          Head of Investor Relations, tel. +45 48 16 55 48

Anders T. Skole-Sørensen                            Henrik Engberg Johannsen

CFO, tel:  + 45 48 16 55 55                          Information Manager, tel. +45 21 71 24 74

Vedhæftede filer:

Matas årsrapport 2015-16 ENGLISH - FINAL.pdf