Hartmann's CEO Peter Arndrup Poulsen comments on 1H 2008
"We have posted strong earnings growth with a normalised EBIT in 1H of DKK 50 million, up from DKK 12 million last year. Despite general increases in the prices of energy and raw materials, the ongoing turnaround activities have a positive effect on the bottom line for the third consecutive quarter."
"The financial situation has been markedly improved on account of the share issue. In a combination with strong earnings growth, the issue gives us a sound basis for the implementation of the strategy plan outlined in the prospectus."
On the outlook for 2008:
"The development in the result in the first half of 2008 supports the recently announced expectations to earnings on operations. For that reason we maintain the forecast of a consolidated operating result (EBIT) for 2008 in the level of DKK 55 million."
Read the interim report for 1H 2008 in its full lenght:
Interim report for 1H (UK)
Interim report 1H (DK)