IC Companys FY ’12/13 revenue up 1 percent

REPORT_ IC Companys consolidated revenue for 2012-13

showed an increase of 1 percent compared to 2011-12. Consolidated revenue for the fourth quarter of 2012-13 grew 10 percent compared to the fourth quarter of 2011-12. The Group realised an EBIT margin of 4.7 percent this year compared to 5.9 percent last year. The gross margin increased by 0.7 percentage points this year compared to the last financial year. The gross margin for the fourth quarter of 2012-13 amounts to 53.9 percent corresponding to a decline of 3.7 percentage points compared to the fourth quarter of 2011-12.

The group’s premium brands are expected to continue the positive development and generate solid growth rates for 2013-14. But the total consolidated revenue growth for 2013-14 is expected to be modest.

Group CEO of IC Companys Mads Ryder commented: “The corporate strategy is finalised and the targets are set. Earnings must improve. Our Premium brands, which all hold great potential, must continue the expansion they have embarked on. I look forward to heading IC Companys and fulfilling the target of future improved earnings.”