Harboes Bryggeri A/S Reports Consolidated Earnings Results for the First Quarter Ended July 31, 2014; Maintains Outlook for the Full Year 2015
September 30, 2014 at 06:44 am EDT
Share
Harboes Bryggeri A/S reported consolidated earnings results for the first quarter ended July 31, 2014. For the quarter, the company reported revenue of DKK 392,059,000 compared to DKK 393,017,000 a year ago. Operating profit was DKK 17,075,000 compared to DKK 10,698,000 a year ago. Net profit was DKK 11,865,000 compared to DKK 7,529,000 a year ago. Earnings per share and diluted were DKK 2.4 compared to DKK 1.4 a year ago. Cash flows used in operating activities were DKK 14,491,000 compared to cash flows from operating activities of DKK 25,366,000 a year ago. Purchase of intangible assets was DKK 345,000 compared to DKK 1,059,000 a year ago. Purchase of property, plant and equipment were DKK 11,088,000 compared to DKK 5,471,000 a year ago. Consolidated profit before tax was DKK 15.9 million against DKK 9.5 million last year. EBITDA was DKK 39,565,000 compared to DKK 32,882,000 a year ago.
The company maintains its outlook for the year 2015 as a whole, with EBITDA in the region of DKK 100 million to DKK 110 million and a profit before tax of approx. DKK 15 million to DKK 25 million.
Harboes Bryggeri A/S is a Denmark-based company active in the brewery sector. The Company is specialized in the production and sale of alcoholic and non-alcoholic beverages, including beer, soft drinks, non-alcoholic malts, energy drink and juices. Its brandâs portfolio comprises Bear, Harboe and Darguner Beer, Hustler Energy Drink, X.RAY Energy Drink, Harboe Squash, WOWZA, Caribia, Pure Apple Juice, White Bear Lemon-Mint Malt, and Hyper Malt, among others. The Company controls a number of subsidiaries, such as Darguner Brauerei GmbH, Harboe Norge A/S, Harboe Sverige AB, Harboes Poland Sp z oo, Skaelskoer Bryghus A/S and Harboe Ejendomme A/S and AS Viru Olu. Furthermore, It is present worldwide in over 90 markets.
HARBOES BRYGGERI A/S 
