Picanol NV Reports Audited Consolidated Earnings Results for the Year 2014; Provides Earnings Guidance for the First Half of 2015
Picanol NV reported audited consolidated earnings results for the year 2014. For the period, the company's sales were 418,165,000 against 559,979,000 a year ago. Operating result was 54,180,000 against 103,656,000 a year ago. Profit before taxes was 55,742,000 or 3.15 per share against 106,387,000 or 6.01 per share a year ago. Profit after taxes was 40,667,000 against 75,556,000 a year ago. Share of the group in profit was 52,402,000 or 2.96 basic and diluted per share against 73,168,000 or 4.13 basic and diluted per share a year ago. Net operating cash flow was 73,049,000 against 97,116,000 a year ago. Acquisitions of tangible and intangible fixed assets were 12,806,000 against 10,270,000 a year ago.
For the first half of 2015, the group expects to realize an increase in turnover. This is anticipated to be between the turnover recorded during the first half of 2013 and the turnover of the first half of 2014.