Earnings Release • Nov 12, 2012
Earnings Release
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Under Embargo until 12/11/2012 17.45 CET Regulated information
Revenues during Q3 stand alone were 54,0 mio euro, 13,1% above the comparable number for the same period of 2011.
Year-to-date revenues amount to 169,7 mio euro versus 164,9 mio euro in 2011; 2,8% above the comparable number for the same period of 2011.
Prior year, the operating result was affected by lower activity level, investments in strategic initiatives like 'Go East' and non-recurring costs related to large projects.
As Q3 was an excellent quarter in turnover and in profit, it is expected that based on our current order backlog, the full year will be ahead of last year in turnover and more so in profit.
At its special shareholders' meeting held on October 4, 2012, the shareholders approved to decrease the capital with 12,004,452.00 euro or 1.5 euro per share. Subject to approval of the suppliers, the capital will be payable as from December 27, 2012 at the counters of KBC bank (Paying Agent) upon presentation of coupon n°7.
December 27, 2012: pay back capital, subject to approval suppliers March 2013: Full year results 2012 (Analysts' meeting) May 21, 2013: Shareholders' meeting
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 15 countries and has distribution in more than 40 countries. Worldwide, the JENSEN-GROUP employs about 1.150 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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