Brødrene A & O Johansen A/S, together with its subsidiaries, is engaged in the trading of technical installation materials for the professional and do it yourself (DIY) markets in Denmark, Sweden, and Estonia. The company offers heating, plumbing, and sanitary ware products; electrical equipment and components; water supply and drainage products; and tools, including logistics tools for new building work and repair, renovation, and maintenance. It serves plumbers, electricians, building contractors, sewer contractors, construction companies, municipalities, utilities, and public institutions, as well as retailers, DIY centers, and specialized stores. The company operates 49 outlets in Denmar...
Founded in 1914
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Brødrene A. & O. Johansen A/S Reports Company and Consolidated Earnings Results for the Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015
Feb 24 15
Brødrene A. & O. Johansen A/S reported company and consolidated earnings results for the year ended December 31, 2014. For the year, the company reported revenue of DKK 2,068,124,000 compared to DKK 2,069,724, operating profit (EBIT) of DKK 89,944,000 compared to DKK 106,317, profit before tax (EBT) of DKK 90,914,000 compared to DKK 108,841,000, net profit of DKK 68,965,000 compared to DKK 82,316,000, cash flow from operating activities of DKK 103,748,000 compared to DKK 109,545,000, investment in land and buildings of DKK 38,973,000 compared to DKK 176,000, investment in software of DKK 18,464,000 compared to DKK 13,806,000, investment in leasehold improvements of DKK 268,000 compared to DKK 396,000 and investment in fixtures and operating equipment of DKK 42,701,000 compared to DKK 53,580,000 for the last year.
For the year, on consolidated basis, the company reported revenue of DKK 2,258,656,000 compared to DKK 2,309,707, operating profit (EBIT) of DKK 100,289,000 compared to DKK 127,090, profit before tax (EBT) of DKK 97,542,000 compared to DKK 125,205,000, net profit of DKK 73,756,000 or DKK 149 per diluted share compared to DKK 98,642,000 or DKK 198 per diluted share, cash flow from operating activities of DKK 199,880,000 compared to DKK 165,032,000, investment in land and buildings of DKK 135,588,000 compared to DKK 59,654,000, investment in software of DKK 18,464,000 compared to DKK 14,660,000, investment in leasehold improvements of DKK 688,000 compared to DKK 1,643,000 and investment in fixtures and operating equipment of DKK 43,252,000 compared to DKK 54,220,000 for the last year.
The management expected that Group's earnings in 2015 will be at the same level as in 2014, and therefore a profit before tax of approximately DKK 100 million is expected for 2015.