Value Creation and Financial Highlights of ELG
Financial highlights
of 6M/Q2 2019
Financial performance of the Group was analysed on the basis of
the reported financial information of European Lingerie Group AB
for 6 months 2019 and Q2 2019 as well as pro forma financial
information for 6 months 2018 and Q2 2018.
The Group's sales amounted to EUR 39,985 thousand in 6
months 2019 (Q2 2019: EUR 18,963 thousand), representing a
4.3% increase as compared to pro forma sales of 6 months 2018
(0.1% decrease to pro forma sales of Q2 2018).
In 6 months 2019, the growth in sales was achieved by sales of
new product lines, i.e. Senselle by Felina lingerie and Felina
swimwear, as well as the general increase of orders from traditional
customers in the textile segment. Q2 2019 sales demonstrated a
slight increase in the textiles segment with 2.6% decrease in the
lingerie segment due to a partial shift of sales to Q3 2019.
Profitability margins in 6 months 2019 are generally comparable to
those of 6 months 2018 and some demonstrating a slight
improvement. Q2 2019 margins showed a decreasing trend as a
result of lost contribution from sales shifted to Q3 2019.
In thousands of EUR
Revenue
Normalised
6 months
2019
6 months
2018
Change
(Actual)
(Pro forma)
39,985
38,348
4.3%
2,761
2,541
8.7%
operating profit
Normalised EBITDA
Normalised net profit
/(loss)
4,628
4,604
0.5%
425
(101)
-518.9%
Operating cash flow
for the period
1,016
(315)
-422.5%
In thousands of EUR
Revenue
Normalised
operating profit
Q2 2019
Q2 2018
Change
(Actual)
(Pro forma)
18,963
18,991
-0.1%
1,022
1,161
-12.0%
Normalised EBITDA
1,944
2,187
-11.1%
Normalised net profit
/(loss)
Operating cash flow
for the period
(28)
(181)
-84.6%
1,004
833
20.5%
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