LM Group Holding A/S - LM Group Holding A/S issues quarterly financial report Q1 2016

13.05.2016 08:19:37 CET

LM Group Holding A/S issues quarterly financial report Q1 2016

Company announcement 8/2016

Interim report for Q1 2016 (1 January - 31 March 2016)

LM Wind Power reports:

For Q1 2016, revenues of EUR 231.6 million (up 33.9% year-on-year) and EBITDA of EUR 38.5 million (up 86.0% year-on-year)
EBIT of EUR 22.2 million for Q1 2016, compared with EUR 9.7 million in Q1 2015
A net profit of EUR 8.5 million for Q1 2016, compared with EUR 7.2 million in Q1 2015 (which benefited from an FX gain of EUR 14.5 million)
Liquidity of EUR 93.1 million as at 31 March 2016, compared with EUR 129.2 million as at 31 December 2015
Net debt of EUR 131.2 million as at 31 March 2016 and a leverage ratio (Net Debt / EBITDA) of 1.08x, compared with net debt of EUR 94.6 million as at 31 December 2015 and a leverage ratio of 0.92x


EUR millions	Q1 2016	Q1 2015

Revenue	231.6	173.0
Operating profit before depreciation and amortization (EBITDA)	38.5	20.7
Results from operating activities before special items (EBIT)	22.2	9.7
Profit before income tax	14.1	14.1
Profit for the period	8.5	7.2

EUR millions
Results from operating activities before special items (EBIT)	22.2	9.7
Depreciation and amortization	16.3	11.0
EBITDA	38.5	20.7

This interim report for Q1 2016 has not been audited or reviewed.

Contact details:

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

Or

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

LM Group Holding Q1 2016 Interim Report