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D.Logistics AG announces preliminary figures for Q3/2008: Conversion to a packaging specialist pays off EBIT in the third quarter 2008 up 46 %
In the third quarter of 2008 the transformation of the D.Logistics Group to a industrial service pro-vider with the main focus on "packaging" bears fruit. Due to the significant market position wellknown companies in Europe and the US could be won as customers.
The particular success is reflected in the following preliminary figures:
- Sales in Q3 +1.7 % to EUR 86.0 million, after nine months +1.7 % to EUR 250.5 million
- Operating profit (EBIT) in Q3 +46.5 % to EUR 4.4 million, after nine months +31.7 % to EUR 11.3 million
- Net profit in Q3: EUR 2.4 million (prior year EUR 0.3 million), after nine months EUR 2.8 million (prior year EUR 2.1 million)
- Earnings per share in Q3: EUR 0.05 (prior year EUR 0.01), after nine months EUR 0.17 (prior year EUR 0.05)
The disproportionate high increase in earnings follows from the economic success in the US-business. The results there have been clearly positive in Q3. However the Industrial Goods Packaging performs continuing well. Altogether all segments show positive results. Also the results document the little influence of energy costs as well as the independence from transport systems and services.
Full year guidance confirmed Despite the deteriorating economic environment due to the financial crisis D.Logistics AG confirms its published target figures for the fiscal year 2008. Revenues should reach a bandwidth between EUR 330 and 345 million. The EBITA is still expected to range between EUR 13.0 million and EUR 14.5 million.
The final interim report for the first nine months 2008 will be published as projected on November 11, 2008.
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