LM Group Holding A/S issues quarterly financial report Q3 2016
Company announcement 11/2016
Interim report for Q3 2016 (1 July - 30 September 2016)
LM Wind Power reports:
Revenue of EUR 287.2 million (up 50.3% year-on-year) and EBITDA of EUR 47.1 million (up 71.0% year-on-year).
EBIT of EUR 30.1 million for Q3 2016, compared with EUR 16.4 million in Q3 2015.
A net profit of EUR 16.7 million for Q3 2016, compared with a loss of EUR 1.2 million in Q3 2015.
Liquidity of EUR 130.3 million as at 30 September 2016, compared with EUR 133.6 million as at 30 June 2016.
Net debt of EUR 109.6 million as at 30 September 2016 and a leverage ratio (Net Debt / EBITDA) of 0.68x, compared with net debt of EUR 90.3 million as at 30 June 2016 and a leverage ratio of 0.63x.
| 3rd quarter | January to September | ||||
| EUR millions | 2016 | 2015 | 2016 | 2015 | |
| Revenue | 287.2 | 191.1 | 778.5 | 542.7 | |
| Operating profit before depreciation and amortization (EBITDA) | 47.1 | 27.6 | 134.4 | 75.7 | |
| Results from operating activities before special items (EBIT) | 30.1 | 16.4 | 82.6 | 41.9 | |
| Profit before income tax | 25.8 | 3.2 | 65.7 | 19.1 | |
| Profit/(loss) for the period | 16.7 | (1.2) | 42.9 | 1.8 | |
| EUR millions | |||||
| Results from operating activities before special items (EBIT) | 30.1 | 16.4 | 82.6 | 41.9 | |
| Depreciation and amortization | 17.0 | 11.2 | 51.8 | 33.8 | |
| EBITDA | 47.1 | 27.6 | 134.4 | 75.7 | |
This interim report for Q3 2016 has not been audited or reviewed.
Contact details: Chris Springham VP, Global Communications & HR +31 6 1481 4919 or Lene Mi Ran Kristiansen Senior Manager, Communications & Sustainability + 45 5138 8236 LM Group Holding Q3 2016 Interim Report
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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: LM Group Holding A/S via Globenewswire
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