Mr. Green & Co AB Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Provides Earnings Guidance for the Full Year of 2018
For the six months, on consolidated basis, the company reported revenue of SEK 793,794,000 against SEK 563,939,000 a year ago. EBITDA before non-recurring items was SEK 91,236,000 against SEK 86,587,000 a year ago. EBITDA after non-recurring items was SEK 91,236,000 against SEK 86,587,000 a year ago. Earnings before interest and tax were SEK 55,047,000 against SEK 98,121,000 a year ago. Result before tax was SEK 55,040,000 against SEK 97,357,000 a year ago. Net result for the period was SEK 51,856,000 against SEK 90,354,000 a year ago. Result for the period attributable to shareholders of the parent company was SEK 51,856,000 against SEK 90,302,000 a year ago. Earnings per share before dilution were SEK 1.43 against SEK 2.29 a year ago. Earnings per share after dilution were SEK 1.43 against SEK 2.22 a year ago. Cash flow from operating activities was SEK 182,195,000 against SEK 142,822,000 a year ago. Acquisition of intangible assets was SEK 65,261,000 against SEK 49,647,000 a year ago. Acquisition of property, plant and equipment was SEK 7,085,000 against SEK 330,000 a year ago.
For the quarter, on parent basis, the company reported revenue of SEK 1,410,000 against SEK 1,350,000 a year ago. LBITDA before non-recurring items was SEK 6,971,000 against SEK 7,452,000 a year ago. Loss before interest and tax was SEK 7,020,000 against SEK 7,503,000 a year ago. Net loss for the period was SEK 6,757,000 against SEK 7,678,000 a year ago.
For the six months, on parent basis, the company reported revenue of SEK 2,820,000 against SEK 2,700,000 a year ago. LBITDA before non-recurring items was SEK 13,810,000 against SEK 13,265,000 a year ago. Loss before interest and tax was SEK 13,912,000 against SEK 13,367,000 a year ago. Net loss for the period was SEK 13,382,000 against SEK 13,703,000 a year ago.
For 2018, the company to deliver revenue growth of not less than 40% and an EBITDA margin of about 15%. By 2020, to company will deliver annual revenue growth of 25% and an EBITDA margin of 15%.