DoetOokMaarWat schreef op 19 februari 2019 07:48:
KENDRION MAINTAINS PROFITABILITY FOR THE YEAR DESPITE DIFFICULT
AUTOMOTIVE MARKET
- Full-year revenue declined by 3% to EUR 448.6 million (2017: EUR 461.8 million), mainly
due to difficult market conditions in Automotive in the second half of 2018
- Normalised EBITA margin of 7.9% in 2018 (2017: 8.1%)
- Normalised EBITA margin of 4.2% in Q4 (Q4 2017: 5.6%)
- Industrial activities further increased normalised EBITA margin to 12.5% in 2018 (2017:
10.5%)
- Simplification measures in 2018, mostly in Passenger Cars, resulted in annualised
savings of EUR 6.4 million, with full-year non-recurring costs of EUR 8.8 million
- Business units Passenger Cars and Commercial Vehicles combined into one Automotive
group, under permanent leadership of the Executive Board
- Strong financial position, and more than EUR 12 million returned to shareholders
- Proposed dividend of EUR 0.87 per share, unchanged from 2017; pay-out ratio 52% of
normalised full-year net profit
Bron: Kendrion.com