Corporate News: First quarter 2015 – Record results in the first quarter05/28/2015
Record results in the first quarter
- Revenue: 301.7 Mio. Euro / +22%
- EBIT: 27.8 Mio. Euro / +32%
- Result after tax: 16.8 Mio. Euro / +43%
Stock Exchange listing due to merger
|Earnings figures||Q1 2015||Q1 2014||Chg.in %|
|EBIT margin||in %||9.2%||8.5%||–|
|Result after tax||m€||16.8||11.8||43%|
|Number of employees as of 31 March||4,255||3,825||11%|
The CROSS Industries AG Group, with its core shareholdings in KTM, Husqvarna, Pankl and WP, generated revenues in the first quarter 2015 in the amount of 301.7 m€ after 248.2 m€ in the previous year and achieved an EBIT in the amount of 27.8 m€ (21.2 m€ in the previous year). The result after tax increased from 11.8 m€ to 16.8 m€. The Group employed 4,255 people as of 31 March 2015.
Currently CROSS Industries AG holds 51.2% in KTM AG, 51.8% in Pankl Racing Systems AG, 89.5% in WP AG as well as shareholdings in Wethje Group (49%) and Durmont (24%).
Stock Exchange listing
In the general meetings of CROSS Industries AG and BF HOLDING AG on 22 April 2015 the merger of CROSS Industries AG into BF HOLDING AG was resolved. The merger will become effective upon its entry into the Commercial Register. Subsequently, the shares of CROSS Industries AG will be listed on the official market of the Vienna Stock Exchange in the segment mid market (continuous trading) (ISIN AT0000820659).
For the overall year 2015 the CROSS Industries AG expects a continuing positive development of the business performance as well as an increase of the results compared to the previous year.