stand alone were 67.6 MEUR or 7.3% above the comparable number for the same period of 2014. The current order backlog at
Under Embargo until 13/11/2015 17.40 CET Regulated information
Press Release JENSEN-GROUP maintains high activity level during Q3
Trading update 3th quarter 2015 Year-to-date revenues amount to 218.2 MEUR versus 184.2 MEUR in 2014; 18.5% above the comparable number for the same period of 2014. Of this revenue increase, 14 MEUR is attributable to the weaker euro. Although we started Q3 with a lower production backlog, revenues during Q3 stand alone were 67.6 MEUR or 7.3% above the comparable number for the same period of 2014. The current order backlog at the end of September 2015 is 7.6% higher as at the end of September 2014. Considering the finished goods and work in progress, the production backlog is at the same level of last year. Based on this, management expects the full year revenue to be significantly above prior year.
Other activities JENSEN-GROUP continues its geographic expansion with the opening of JENSEN Spain S.L. as it has taken over the business activities of their Spanish Distributor Boaya S.L. on February 4, 2015.
Comparable financial information In MEUR
2015
2014
Revenue stand-alone Q1
74.1
55.2
Revenue stand-alone Q2
76.5
66.0
Revenue stand-alone Q3
67.6
63.0
218.2
184.2
Year-to-date revenue
Share buy-back The Board of Directors of November 14, 2013 decided to implement a share repurchase programme to buy back maximum 800,300 of its shares. The shares are bought at the stock exchange by an investment bank mandated by the Board of Directors. The buy-back mandate expires on October 4, 2017. As per September 30 2015, JENSEN-GROUP holds 183,969 treasury shares. Shareholders’ calendar March 9, 2016: Full year results 2015 (Analysts’ meeting) May 11, 2016: Q1 trading update May 12, 2016: 10 a.m. Annual Shareholders’ Meeting 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 21 countries and has distribution in more than 40 countries. Worldwide, JENSEN-GROUP employs about 1,330 employees. This press release is also available on the corporate website www.jensengroup.com. (End of press release)
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] 