Rotterdam, May 12, 2015 – Hunter Douglas, the world market leader in window coverings (Luxaflex®) and a major manufacturer of architectural products, results
for Q1 2015:

• Sales: 3.1% lower to USD 586.8 million, compared with USD 605.6 million in Q1 2014.
• Earnings before interest, tax, depreciation and amortization – EBITDA: USD 43.8 million, 10.3% higher than USD 39.7 million in Q1 2014.
• Income from Operations: USD 23.0 million, 46.5% higher than USD 15.7 million in Q1 2014. Results in local currencies were better in all areas, except in Asia where results were lower.
• Net Profit Investment Portfolio: USD 3.6 million (after deduction of imputed interest and expenses). The portfolio did not exist in Q1 2014.
• Profit before Tax: USD 22.1 million, compared with USD 10.2 million in Q1 2014.
• Total Net Profit: USD 18.1 million (per share EUR 0.46), compared with USD 10.6 million in Q1 2014 (per share EUR 0.22).

Sales: The 3.1% sales decrease reflects a 5.6% volume increase, a 9.1% negative currency impact and 0.4% increase from acquisitions. Volume increased in North America and Europe, was level in Australia and decreased in Asia and Latin America.

North America accounted for 46% of sales, Europe 35%, Latin America 8%, Asia 7% and Australia 4%. Window Coverings were 83% and Architectural and Other Products were 17% of sales.

Investment Portfolio: The Portfolio’s return in U.S. dollars (before imputed interest and expenses) was 4.0% positive. The Portfolio had a fair value at March 31, 2015 of USD 183 million. It will be increased to USD 200 million at cost.

Operating cash flow: USD 67.9 million negative compared with USD 49.3 million negative in Q1 2014.

Outlook 
We expect further improvement in economic conditions in the US and Asia, more difficult conditions in Latin America and an ongoing challenging environment in Europe.

Hunter Douglas is in a strong position in terms of its products, distribution, finances and management.
 

Profile Hunter Douglas
Hunter Douglas is the world market leader in window coverings and a major manufacturer of architectural products. The Company has its Head Office in Rotterdam, the Netherlands, and a Management Office in Lucerne, Switzerland. The Group is comprised of 125 companies with 50 manufacturing and 75 assembly operations in more than 100 countries. Hunter Douglas employs about 16,000 people, and had sales in 2014 of USD 2.695 billion.

The common shares of Hunter Douglas N.V. are traded on Amsterdam’s Euronext and Deutsche Boerse.

For further information:

Leen Reijtenbagh
Chief Financial Officer
Tel. +31 10 486 9582
E-mail  : l.reijtenbagh@hdnv.nl
Website: www.hunterdouglasgroup.com

A consolidated Statement of Income for Q1 2015 (Annex 1), Balance Sheet per March 31, 2015 (Annex 2), Cash Flow Statement for Q 1 2015 (Annex 3) and Sales change attribution percentages by geographic region for Q1 2015 (Annex 4) are attached.

Annex 1

Annex 2

Annex 3

Annex 4