AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

JENSEN-GROUP N.V.

Earnings Release May 19, 2014

3967_iss_2014-05-19_fe40cef0-edee-4460-88c9-f781c174dd15.pdf

Earnings Release

Open in Viewer

Opens in native device viewer

Under Embargo until 19/05/2014 17.45 CET Regulated information

Press Release

JENSEN-GROUP expects half-year activity similar to prior years

Trading update 1st quarter 2014

Revenue during Q1 was 55.2 million euro, 6.2% lower as compared to the same period in 2013.

The order backlog at the end of March 2014 was 18.3% higher than at the end of March 2013.

Based on the above, JENSEN-GROUP expects a first half-year result to be similar to that of last years. As in previous years, the Group does not provide full year guidance. The most important risk factors remain rapid changes in demand, high exchange rate volatility and fluctuating raw material, energy and transport prices.

Other activities

JENSEN-GROUP opened a new Sales and Service Center in New Zealand. In view of the growing demand for ecological heavy-duty laundry solutions in New Zealand, the JENSEN-GROUP Executive Management has decided to open a Sales and Service Center in Auckland.

Dividend payment

During the Annual Shareholders Meeting of May 20, 2014, the Board of Directors will propose to pay out the same dividend as last year, i.e. a gross dividend of 0.25 euro per share. Subject to approval by the Annual Shareholders meeting, the dividend will be payable as from May 30, 2014 at the counters of KBC Bank.

Share buy-back

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 May 16, 2014, JENSEN-GROUP holds 111.453 treasury shares.

Shareholders' calendar

May 20, 2014: 10 a.m. Annual Shareholders Meeting August 19, 2014 (evening): Half year results 2014 and analysts' meeting on August 20 November 13, 2014 (evening): Trading update 3th quarter 2014

Profile

The JENSEN-GROUP assists heavy-duty laundries worldwide to provide quality textile services economically. We have become the 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 19 countries and has distribution in more than 40 countries. Worldwide, the JENSEN-GROUP employs about 1.200 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].

Talk to a Data Expert

Have a question? We'll get back to you promptly.