Record earnings in the 1st half year of 201508/27/2015
- Revenues: 624.5 m€ / +18%
- EBIT: 61.6 m€ / +38%
- Admission to the prime market of the Vienna Stock Exchange
- Free float increased to over 25%
Revenues and earnings in the first half year of 2015
In the first half year of 2015 the CROSS Industries-Group achieved revenues in the amount of 624.5 m€ (+18%) after 527.5 m€ in the previous year and an EBIT in the amount of 61.6 m€ (+38%) after 44.8 m€ in the previous year. The earnings after taxes increased from 28.8 m€ to 37.7 m€ (+31%).
Revenues and earnings break down into the following company divisions (in m€):
|Pankl Racing Systems AG||88.3||6.7|
|Others & Consolidation||-49.3||0.0|
As of June 30, 2015 the Group employs 4,378 people.
Admission to the prime market of the Vienna Stock Exchange; Free float increased to over 25%
The first half year of 2015 of CROSS Industries AG was characterized by significant changes. The merger of CROSS Industries AG into BF HOLDING AG, which was announced in autumn 2014, has been completed successfully. The CROSS Industries-Group is a global automotive niche player that include worldwide renowned brands (KTM, Husqvarna, Pankl, WP), which are partly technology and market leaders in each niche.
Since June 22, 2015 the shares of CROSS Industries AG are trading in the prime market segment of the Vienna Stock Exchange. Due to the successful private placement the free float could be increased to over 25%.
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.
|Earnings figures||H1 2015||H1 2014||Chg.in %|
|Earnings after taxes||m€||37.7||28.8||31|
|EBITDA margin||in %||14.6%||13.7%||–|
|EBIT margin||in %||9.9%||8.5%||–|
|Balance sheet figures||30.06.2015||31.12.2014||Chg. in %|
|Balance sheet total||m€||1,119.3||1,031.1||9|
|Equity ratio||in %||38%||36%||–|
|Number of employees as of reporting date||4,378||4,182||5|
|(incl. contract workers and externals)|