29.3 % resulted from the implementation of IFRS 16 (leasing) and a pension cost credit.
Net cash (EUR 74.5 million) is considerably higher than 12 months ago (EUR 64.1 million) despite the first-time inclusion of EUR 14.2 million of leasing liabilities as financial debt due to the implementation of IFRS 16 and the payment of a EUR 13.4 million dividend.
Based on the strong order intake of the recent months the expected sales growth of 4 to 5 % could be surpassed on a full-year basis at constant exchange rates.
The transaction between the majority owners of agta record and ASSA ABLOY announced on 6 March 2019 is being reviewed by the relevant merger control authorities. ASSA ABLOY continues to expect the transaction to close in the 4thquarter of 2019.
Next media release
3rd quarter turnover on 24 October 2019 (after market closing)
About agta record
Ranking among the top players in the global market for automatic pedestrian doors, agta record calls on its integrated technological and commercial know-how. The Group's extensive expertise covers the design, production, mar- keting, installation and maintenance of a large range of automatic doors.
Headquartered in Switzerland, agta record sells its products and services across the globe and is directly present with subsidiaries in 17 countries. agta record is listed on Euronext Paris, foreign stocks. ISIN: CH0008853209
Agta Record AG published this content on 05 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 September 2019 16:16:01 UTC