Source : EuropeanMarkets
The positive results of the first six months confirm our expectations. We are going to close another extraordinary record year.
Net sales for the first nine months of 2015 totaled €681.9 million, an increase of 33.7% over sales in the corresponding period of 2014 which amounted to €510.1 million (+9.3% on a like for like basis and + 0.9% if exchange rates had also remained unchanged).
Operating income (EBIT) amounted to €110.8 million (16.3% of sales) compared to €83.0 million in the first nine months of 2014 (16.3% of sales), a rise of 33.5%. On a like for like basis EBIT rose by 11.4% to reach €92.5 million, or 16.6% of turnover, increasing the margin by 0.3 percentage points.
Net profit totaled €101.3 million, benefiting from one-off income of €32.0 million recognized in accordance with international accounting standards (IFRS 3) and arising from the decision by put option holders to exercise their options earlier than contractually provided, with figures being estimated and based on a forecast of profitability and cash generation through 2018 and through 2020. As a result a liability had been recognized that exceeded the amount actually paid. Net profit was €50.1 million in the first nine months of 2015, accordingly rising by 102%. Earnings per share amounted to €0.944 (€0.467 in the first nine months of 2014).
Source : Press Release Interpump Group SpA, Reggio Emilia (Italy) November 11, 2015
