Earnings Release • Nov 13, 2014
Earnings Release
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Under Embargo until 13/11/2014 17.45 CET Regulated information
JENSEN-GROUP reports a strong third quarter
Year-to-date revenues amount to 184.2 mio euro versus 171.7 mio euro in 2013; 7.2% above the comparable number for the same period of 2013.
As we started Q3 with a very high order backlog, revenues during Q3 stand alone were 63.0 mio euro or 30.7% above the comparable number for the same period of 2013.
The current order backlog at the end of September 2014 is 9.7% higher as at the end of September 2013. Based on this, management expects the full year profitability to be significantly above prior year.
The Board of Directors decided on November 14, 2013 to implement a share buy-back programme to purchase a maximum of 800.300 of the Company's shares. The shares are bought at the Brussels stock exchange by an investment bank mandated by the Board of Directors. The buy-back mandate expires on October 4, 2017. As per November 7, 2014, JENSEN-GROUP holds 183,969 treasury shares.
Shareholders' calendar
March 2015: Full year results 2014 (Analysts' meeting) May 19, 2015: Shareholders' meeting
The JENSEN-GROUP assists heavy-duty laundries worldwide to provide quality textile services economically. We have become a preferred supplier in the laundry industry by leveraging our broad laundry expertise to design and supply sustainable single machines, systems and integrated solutions. We are continuously growing by extending our offer and by developing environmental friendly and innovative products and services that address specific customer needs. Our success results from combining our global skills with our local presence. The JENSEN-GROUP has operations in 20 countries and has distribution in more than 40 countries. Worldwide, JENSEN-GROUP employs about 1.260 employees.
This press release is also available on the corporate website www.jensen-group.com. (End of press release)
Note to the editors: for more information, please contact: Jensen-Group: Jesper Munch Jensen, Chief Executive Officer Markus Schalch, Chief Financial Officer Scarlet Janssens, Investor Relations Manager Tel. +32.9.333.83.30 E-mail: [email protected].
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