HUNTER DOUGLAS RESULTS Q1 2018
Rotterdam, May 2, 2018 – Hunter Douglas, the world market leader in window coverings (Luxaflex®) and a major manufacturer of architectural products, results for Q1 2018:
- Sales: 16.3% higher to USD 818.4 million,
compared with USD 703.7 million in Q1 2017.
The 16.3% sales increase reflects a 1.2% volume increase, 5.1% positive currency impact and 10.0% increase from acquisitions. Volume increased in Latin America and Asia and was level in North America, Europe and Australia.
North America accounted for 45% of sales, Europe 41%, Latin America 5%, Asia 6% and Australia 3%. Window Coverings were 85% and Architectural and Other Products were 15% of sales.
- Earnings before interest, tax, depreciation and amortization – EBITDA:
USD 70.0 million, 6.4% higher than USD 65.8 million in Q1 2017.
- Income from Operations:
USD 44.1 million, 9.2% higher than USD 40.4 million in Q1 2017. Results in local currencies were better in Europe and lower in all other areas.
- Profit before Tax: USD 40.6 million compared with USD 41.8 million in Q1 2017.
- Total Net Profit: USD 33.1 million (per share EUR 0.78) compared with USD 34.7 million in Q1 2017 (per share EUR 0.93).
Operating cash flow: USD 25.0 million negative compared with USD 53.7 million negative in Q1 2017.
Hunter Douglas expects continued growth in Europe, the US and Asia, and improving economic conditions in Latin America.
Hunter Douglas is in a strong position in terms of its brands, 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 132 companies with 50 manufacturing and 82 assembly operations in more than 100 countries. Hunter Douglas employs about 22,750 people and had sales in 2017 of USD 3.226 billion.
The common shares of Hunter Douglas N.V. are traded on Amsterdam’s Euronext and the Frankfurter Börse .
For further information:
Chief Financial Officer
Tel. +31 10 486 9582
E-mail : email@example.com
A consolidated Statement of Income for Q1 2018 (Annex 1), Balance Sheet per March 31, 2018 (Annex 2), Cash Flow Statement for Q 1 2018 (Annex 3) and Sales change attribution percentages by geographic region for Q1 2018 (Annex 4) are attached.