– Revenue rises 11.1 per cent
– Pre-tax profit falls on higher costs
– First final dividend announced since IPOCable product manufacturer HellermannTyton Group’s annual revenue jumped 11.1 per cent to 538m euros, driven by strong growth in the Americas and Asian segments.
Pre-tax profit fell to €35m in the year to December 31st 2013, from €50m due to a rise in cost of sales, administration, and selling and distribution.
Revenue in Europe, the Middle East and Africa was up 4.8%. In Americas revenue grew 5.6% and in Asia climbed 3%.
Underlying earnings before interest, tax and appreciation (EBITA) came to €83m, up 11% on the previous year. Stable margins resulted in operating profit of €63.5m. (…)
via HellermannTyton’s revenue rises on growth in Americas, Asia – Sharecast.