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Bene report 1st half year sales increase of 14.3% - UK up by 32%

Friday 23 September 2011

In what is reported as a very competitive environment, Bene AG has increased group sales (by 14.3 %) and earnings in the first half of the current financial year to 31 July.
After the significant sales increase (+18.5%) in the first quarter Bene Group has again benefited from several major international projects in the second quarter of 2011/12, In the first half-year of the current financial year, total sales rose by 14.3 % to EUR 88.2 million (first half-year 2010/11: EUR 77.1 million). In comparison with the first half-year of the prior year, the UK (plus 32.2 % to EUR 11.7 million), Germany (plus 19.6 % to EUR 24.3 million) and other markets (plus 72.4 % to EUR 22.7 million) showed considerable increases in sales. Over the quarter, sales in Russia also recorded an increase.
EBITDA of EUR 1.8 million (first half-year 2010/11: EUR – 2.1 million) turned positive. The Bene Group likewise significantly improved the EBIT, which with a loss of EUR 2.3 million after the first six months of the current business year (first half-year 2010/11: loss EUR 6.4 million) was still negative, but was better than the previous year. The gross profit margin (revenue +/- inventory changes – expenses for materials and supplies in relation to revenue) further improved and increased from 52.8 % in the first quarter to 53.7 % in the second quarter.
On the basis of the further increased order intake in the first two quarters, the company is expecting substantial growth in sales in the second half-year of 2011/12 as well as a significant improvement in earnings for the overall year 2011/12.

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