PSB INDUSTRIES (EPA:PSB) - 2011 HY Results
Transparency directive : regulatory news
22/08/2011 18:12
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PSB INDUSTRIESFIRST HALF 2011
Net income up sharply 35% toEUR8.3 million
Consolidated data (*) 1st half 2011 1st half 2010
(in EUR 000's)
Sales 127,692 112,777
Operating profit 13,646 11,475
Operating profit as % in sales 10.7% 10.2%
Consolidated net income 8,666 6,451
Net income attributable to the Group 8,274 6,121
Cash flow 16,819 14,644
(*)Accounts approved by the Board of Directors meeting on August 5, 2011 after a
limited review by the auditors.
Revenues
PSB Industries returned consolidated revenues ofEUR127.7 million for H1 2011,
compared toEUR112.8 million for H1 2010, up 13.2% or 14.0% on a constant
currency basis.
Earnings
The increase in sales has resulted in improved profitability, both in terms of
the operating profit and net income.
Operating profit increased in each of the company's three business units.
Debt
Net debt increased to EUR82.5 million from EUR71.8 million on 31/12/2010.
The net-debt-to-equity ratio rose from 90% to 98% in H1 but this trend should be
reversed in H2.
Outlook
Revenues are expected to grow at a slower pace in H2 due to the base effect.
Operating profitability for FY 2011 is expected to be an improvement on FY 2010.
Sales figures for Q3 2010 will be published October 12.
Nyse Euronext (ISIN FR0000060329)- Cac Small, Cac Mid & Small, All-Tradable
Indices
All of the company's financial results can be viewed here: www.psbindus.com -
e-mail: finance@psbindus.com
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