|
- 3.4 percent rise in net revenues to CHF 356.3 million
- EBITDA CHF 43.7 million, EBITDA margin 12.3 percent
- Consolidated net income CHF 17.8 million
Looser Holding AG, headquartered in Arbon (Switzerland), generated net revenues of CHF 356.3 million in the first nine months of 2012 and thus grew by 3.4 percent against the prior year. After adjustments for currency, acquisition and divestment effects, the growth rate was 3.7 percent. The operating result (EBITDA) of CHF 43.7 million declined against the previous year (prior year: CHF 50.8 million). The EBITDA margin amounted to 12.3 percent. After adjustments for prior year gains on the disposal of real property and the building protection business (extraordinary effects) in the amount of CHF 9.2 million, EBITDA increased by 5.3 percent.
As of the end of the third quarter, consolidated net income amounted to CHF 17.8 million (prior year: CHF 24.3 million). After adjustments for 2011 extraordinary effects, the Looser Group's consolidated net income rose by 9.2 percent. With an equity ratio of about 43.0 percent, the balance sheet continues to be very sound.
Net debt increased by CHF 7.0 million against year-end 2011 to CHF 128.7 million. This increase mainly relates to major investments in the new ILAG building (Industrielack AG).
Development of segments varies
In the first nine months, developments in the four segments Coatings, Industrial Services, Temperature Control and Doors varied. The Coatings segment did not remain completely unaffected by the increasing decline in economic activities in Western Europe. After adjustments for currency, acquisition and divestment effects, revenues fell by 1.0 percent. Compared to the prior year, the Industrial Services segment reported a decrease of trading in modular space systems and cranes which, after currency adjustments, resulted in a 2.6 percent revenue decline. On the other hand, revenues in the rental business remained stable and grew by 1.0 percent against the prior year. The Temperature Control and Doors segments experienced a positive development. Thanks to strong demand from the German domestic market and the export countries, the Temperature Control segment recorded a 20.3 percent rise in revenues (after currency adjustments) over the previous year. The Doors segment benefited from the continuous growth of the German construction sector and grew by 7.9 percent after currency adjustments.
Outlook for 2012
Despite the still uncertain economic development and slowdown tendencies, the Board of Directors and Group Executive Management of Looser Holding continue to be moderately optimistic and adhere to the mid-year prognosis.
Key figures of the Looser Group
(amounts in thousands of Swiss francs)
|
1/1/- 30/09/2012 |
1/1/- 30/09/2011 |
+ / - in % |
| Net revenues |
356,259 |
344,475 |
+3.4 * |
| Earnings before interest, taxes, depreciation and amortization (EBITDA) |
43,740 |
50,754 |
|
| EBITDA as a percentage of net revenues |
12.3 |
14.7 |
|
| Earnings before interest and taxes (EBIT) |
30,272 |
38,029 |
|
| EBIT as a percentage of net revenues |
8.5 |
11.0 |
|
| Consolidated net income |
17,799 |
24,306 |
-26.5** |
| Earnings per registered share in CHF |
4.70 |
6.42 |
|
| Cash-flow from operations |
17,264 |
4,057 |
|
| Shareholders' equity |
218,570 |
202,235 |
|
| Net debt |
128,682 |
133,373 |
|
| Number of employees at the end of the period |
1,831 |
1,762 |
|
| * after adjustments for currency, acquisition and divestment effects: +3.7 percent
** including extraordinary prior year gains of CHF 9.2 million |
Revenue figures by segment
(amounts in thousands of Swiss francs)
|
1/1/ - 30/09/2012 |
1/1/ - 30/09/2011 |
+ / - in % |
+ / - in % |
| Net revenues Coatings |
146,968 |
145,263 |
+1.2 |
-1.0** |
| Net revenues Industrial Services |
42,550 |
43,743 |
-2.7 |
-2.6* |
| Net revenues Temperature Control |
29,592 |
25,073 |
+18.0 |
+20.3* |
| Net revenues Doors |
140,513 |
133,469 |
+5.3 |
+7.9* |
| * after currency adjustments
** after adjustments for currency, acquisition and divestment effects |
| About Looser Holding AG
Looser Holding AG is an international industrial holding company headquartered in Arbon (Switzerland). The corporate group is active in the Coatings, Temperature Control, Industrial Services and Doors sectors. Around 1,830 employees work for the group in 21 operational facilities in Europe, Asia and the U.S.A. Looser Holding AG's registered shares are listed on the SIX Swiss Exchange (Main Standard). www.looserholding.com |
| Financial calendar |
| 17 January 2013 |
2012 revenues press release |
| 20 March 2013 |
2012 results press release
financial year 2012 media and analyst conference,
publication of 2012 annual report and financial statements |
| 19 April 2013 |
general meeting of Looser Holding AG |
| 24 April 2013 |
Q1/2013 press release |
| 20 August 2013 |
2013 mid-year results press release
publication of 2013 mid-year results |
| 4 November 2013 |
Q3/2013 press release |
To the editorial office:
Text and pictures are available for downloading at:
www.looserholding.com/media
For further information please contact:
Tim Talaat, CEO, Chairman of the Group Executive Management, and
Christoph Fierz, CFO
Telephone: +41 (0) 52 244 86 86
Fax: +41 (0) 52 244 86 81
E-Mail: info@looserholding.com
Internet: www.looserholding.com |
