LM Group Holding A/S issues quarterly financial report Q2 2016

12 augustus 2016
Company announcement 9/2016

Interim report for Q2 2016 (1 April - 30 June 2016)

LM Wind Power reports:

For Q2 2016, revenue of EUR 259.7 million (up 45.4% year-on-year) and EBITDA of EUR 48.8 million (up 78.0% year-on-year)   EBIT of EUR 30.4 million for Q2 2016, compared with EUR 15.7 million in Q2 2015   A net profit of EUR 17.7 million for Q2 2016, compared with a loss of EUR 4.2 million in Q2 2015   Liquidity of EUR 133.6 million as at 30 June 2016, compared with EUR 93.1 million as at 31 March 2016   Net debt of EUR 90.3 million as at 30 June 2016 and a leverage ratio (Net Debt / EBITDA) of 0.63x, compared with net debt of EUR 131.2 million as at 31 March 2016 and a leverage ratio of 1.08x

	2nd quarter			January to June
EUR millions	2016	2015		2016	2015
Revenue	259.7	178.6		491.3	351.6
Operating profit before depreciation and amortization (EBITDA)	48.8	27.4		87.3	48.1
Results from operating activities before special items (EBIT)	30.4	15.7		52.6	25.5
Profit before income tax	25.8	1.8		39.8	15.9
Profit/(loss) for the period	17.7	(4.2)		26.2	3.0
EUR millions
Results from operating activities before special items (EBIT)	30.4	15.7		52.6	25.5
Depreciation and amortization	18.4	11.7		34.7	22.6
EBITDA	48.8	27.4		87.3	48.1

 

This interim report for Q2 2016 has not been audited or reviewed.

 

Contact details:

Chris Springham
VP, Global Communications & HR                        
+31 6 14814919

Or

Lene Mi Ran Kristiansen
Senior Manager, Communications & Sustainability
+ 45 5138 8236 

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