Interim Financial Report - Second quarter 2019
Q2 2019 financial performance
The second quarter (Q2) 2019 consolidated financial statement describes the results of the Scan Bidco A/S Group.
- The Q2 2019 revenue was DKK 1,026m and increased by 17.3% vs Q2 2018.
- The Q2 2019 Gross Profit was DKK 186m and the Gross Margin equals 18.2%.
- The Q2 2019 EBITDA before special items amounts to DKK 43m.
- The Q2 2019 Adjusted EBITDA (Business performance*) excluding the impact of IFRS 16 Leases amounts to DKK 34m (H1 2019: DKK 63m).
*Business performance represents the underlying financial performance of the Group in the reporting period as results are adjusted for extraordinary items which are not in line with the ordinary course of business and other non-recurring items.
|Financial highlights||Q2 2019||Q2 2018 1)||YTD 2019||YTD 2018 1)|
|(in DKK thousands)|
|Earnings before Interest, Tax, Depreciation, Amortisation (EBITDA) and special items||42,615||22,672||82,616||37,876|
|Earnings Before Interest, Tax, Amortisation (EBITA) and special items||25,317||19,864||49,465||32,593|
|Operating profit (EBIT) before special items||16,933||13,364||32,737||19,593|
|Operating profit (EBIT)||14,178||11,967||29,368||17,836|
|Net financial expenses||-23,632||-15,104||-33,238||-28,600|
|Profit/loss before tax||-9,454||-3,137||-3,870||-10,764|
|Profit/loss for the period||-13,569||-3,771||-9,731||-13,278|
|Cash flows from operating activities before special items, interest and tax||3,117||40,323|
|Cash flows from operating activities||-34,291||5,308|
|Cash flows from investing activities||-87,623||-10,933|
|Free Cash flow||-121,914||-5,625|
|Cash flows from financing activities||-44,290||0|
|Cash flow for the period||-166,204||-5,625|
|1) The 2018 comparison figures are not adjusted to the new accounting standard IFRS 16 Leases|
The full report can be downloaded at https://www.scangl.com/investor/investor-holding/
For further information, please contact: Allan Melgaard, Group CEO
Claes Brønsgaard Pedersen, Group CFO
(+45) 32 48 00 00
Scan Bidco A/S discloses the information contained in the interim report pursuant to the EU Market Abuse Regulation (596/2014/EU) and the Swedish Securities Market Act.
The information was submitted for publication by the above-mentioned persons at 21.05 (CET) on 26 August 2019.