Ghent, 31 March 2016 - 18.00 CET -
Press release / regulated information
ABO-Group, a group of engineering
and testing companies operating in the areas of soil investigation,
environment, geotechnology, energy and waste, has today announced
its consolidated financial figures for 2015.
|
2014
€ 000 |
2015
€ 000 |
Change |
+/- % |
Per share
In € |
Total operating income |
29,947 |
33,143 |
3,196 |
+10.7% |
|
Sales |
29,015 |
31,620 |
2,605 |
+9.0% |
|
REBITDA[1] |
2,177 |
2,195 |
18 |
+0.8% |
0.21 |
Depreciation |
1,544 |
1,713 |
169 |
+10.9% |
|
Operating profit |
342 |
323 |
-19 |
-5.6% |
0.02 |
Financial result[2] |
-136 |
-160 |
-24 |
-17.6% |
|
Pre-tax profit from ongoing operations |
206 |
163 |
-43 |
-20.9% |
|
Net profit from continuing operations |
38 |
162 |
124 |
+326.3% |
|
Net profit |
199 |
148 |
-51 |
-25.6% |
0.01 |
2015
highlights
-
Strong growth in sales by 9%,
autonomous growth of 6%
-
Operating and net profit
affected by weak international division and one-off
provision
-
Healthy balance sheet and
financial position
Outlook for
2016
-
Strong start into 2016 with
well-filled order book
-
Continued commitment to organic
and acquisitive growth
-
Change of the operational
management
Strong sales
growth of 9%
In 2015, the ABO-Group was able to
feel the early economic recovery, primarily in Belgium and the
Netherlands. The French market showed little drive. The group was
able to achieve solid revenue growth in each of its home countries,
however. Total sales increased by 9%, of which 6%
was organic and 3% from acquisition in the Netherlands. Despite
continuing pressure on prices, demand in general increased. The
strongest growth was recorded at Geosonda Belgium, with
geotechnology in the Netherlands, and at the E20 energy department.
The consulting operations in Belgium (ABO) progressed
significantly, in particular through the expansion of the range of
products aimed at archaeology and BREEAM[3].
The sales distribution for the 3
home markets is broken down as follows:
|
2014
€ 000 |
2015
€ 000 |
Change
in € 000 |
Growth
% |
France |
15,862 |
16,545 |
+683 |
+4.3% |
Belgium |
12,084 |
12,935 |
+851 |
+7.0% |
The Netherlands |
1,069 |
2,140 |
+1,071 |
+100% |
Total sales |
29,015 |
31,620 |
+2,605 |
+9.0% |
Operating and net
profit, affected by weak international department and one-off
provision
The operating profitability of the
group was strongly influenced by one-off, non-recurring items in
both 2014 and in 2015. In 2014, the stock exchange listing
generated extraordinary costs amounting to 291k. In 2015, the
figures were influenced on the one hand by a one-off provision for
a legal dispute, with a negative impact of 520k euro, and, on the
other, by an 'other operating income' amounting to 360k euro on the
revaluation of the existing interest in Sialtech (application of
IFRS 3). It may therefore be better to consider the underlying
trend without taking these one-off items into account in both
financial years, hence the use of REBITDA as yardstick.
The recurring cash flow of the
group (REBITDA) amounted to 2.2 million euro (0.21 euro/share), a
slight increase of 0.8%. The major focus in 2015 remained on the
development of the services offered by the group, which resulted in
a reduction in margin. Geographic expansion continued with the
start-up of an office in Montpellier. In addition, the loss of
export support in the international department could not be
absorbed in time by new contracts. The lead time (= the period
between the quotation and effectively winning the contract) is
rather long in this type of projects, in which switching suddenly
is not an obvious choice. ABO-Group is gradually reaping the fruits
of many new initiatives that were launched in recent years,
however. The product range was systematically expanded, ensuring
that customers can address ABO with an increasing number of
demands. In addition to the price advantage, the integrated
approach mainly provides the customer with time savings with regard
to the implementation of his project.
In their fieldwork departments,
the ABO-Group has continuously invested in building up their
machinery in recent years. The year-on-year 10.9% increase in
depreciation, to 1.7 million euro, is proof of this. This
guarantees the customer a quality implementation, as well as a
multi-purpose deployability and flexibility in drilling
technology.
Healthy balance sheet and financial
position
With a shareholders' equity of
11.1 million euro and net financial debt of 4.2 million euro, the
group has all the required assets to continue on the path of
organic and acquisitive growth.
The full set of
figures (consolidated profit and loss account, consolidated balance
sheet and cash flow overview) is included as an annex to this press
release.
Strong start into
2016 with well-filled order book
The financial year 2016 has
started strongly, with the well-filled order book at the end of
2015 being one factor in this. The Dutch market continues to
recover at a rapid pace. Growth in Belgium has been supported by
winning several interesting contracts. The French market is
currently at a status quo.
Continued
commitment to organic and acquisitive growth
ABO-Group aims to further expand
its environmental and energy consultation, and its engineering and
testing activities, both in its three home countries (Belgium, the
Netherlands, France), and in a number of specific growth markets
(Central and Southeast Asia, Africa and the former Eastern bloc
countries). The group is continuing its strategy of positioning
itself as a European player with international ambitions. The
ABO-Group focuses on internal growth, together with the recruitment
of experts in order to set up and develop new operations. In
addition, the group also aims to further develop its acquisition
strategy in the home countries. In 2015, the ABO-Group became the
100% owner of E20 (through the acquisition of the 50% stake that
was held by KWA B.V.), purchased a 17.5% stake in Sialtech B.V.,
and a 25% holding in Ecorem NV was sold. The positive effect of the
transactions that were realised in recent years is already clearly
noticeable.
Change of the
operational management
In an increasingly changing
environment, a fast response to the changing market conditions is
of crucial importance. To this end, ABO-Group will strengthen the
decision-making bodies in its operational companies. The HQ
services ("ABO Corporate Office") will be streamlined in order to
create added value for the entire group. Specific services have
therefore already been outsourced externally (IT). This will result
in significant cost savings and increased flexibility.
Overview of 2015 / Outlook for
2016 per segment
France
ABO-ERG, the
French department of the ABO-Group, is known as one of the best
performing French companies in geotechnology and the environment,
ensuring the company wide access to major national French projects,
such as (energy) transport, industrial projects, nuclear power
plants and contaminated sites. Despite the negative economic
situation in France, ABO-ERG was able to book further revenue
growth in 2015, in addition to the significant revenue growth
(+16%) in 2014. The higher turnover was mainly achieved in the
large geotechnical sites. Other contributory factors were
commercial operations, in particular the further development of the
office in Lyon and the new branch in Montpellier. Finally, ABO-ERG
is now picking the fruits of significant investments in machines,
laboratory equipment and training. The Environment department has
managed to maintain and even strengthen its position in a very
difficult market. ABO-ERG is diversifying into related activities,
and is also continuing its investment programme in quality and
safety. In this way, further growth and development can also be
expected in France for 2016.
Belgium
As a consultancy and engineering
office, ABO NV is focusing on the provision of
comprehensive advice regarding all kinds of construction and
redevelopment projects. ABO NV operates in the Belgian market, with
offices in Flanders, Brussels and Wallonia, and focuses on soil
investigation and soil remediation, all types of environmental
studies, and archaeological and historical building research, as
well as on comprehensive advice with regard to sustainable
redevelopment and spatial planning. The services that ABO provides
range from project description (advice in support of policies,
strategic notes), the (pre-)feasibility phase (techno-economic
studies, positioning studies, environmental impact studies, risk
analyses, tendering assistance, etc.), the design phase (detail
engineering, preparation of specifications, social and
environmental impact studies, licences, etc.), up to the guidance
and monitoring of the implementation of projects. In order to
successfully realise projects, ABO can rely on a multidisciplinary
team of no less than 80 specialists in different disciplines on a
daily basis.
In 2016, ABO is expecting strong
growth in archaeology (as a result of the implementation of new
legislation in Flanders) as well as in BREEAM and sustainable
construction consultancy. In addition, ABO is also strongly homing
in on further diversification, such as asbestos studies (in view of
the asbestos reduction policy) in collaboration with Translab. From
the end of 2016 and into the coming years, strong growth is
expected in the soil remediation sector in Wallonia as a result of
the operation of the long-awaited implementation decrees of the
Walloon soil decree.
Given the changing international
market conditions in environmental consultancy, with fewer
subsidies available and an increasing demand for an integrated
approach, 2015 could be seen as a major investment year for
ECOREM, with the deepening and broadening of
the international service package taking central stage. In order to
optimise our response to the globalising and changing environmental
consultancy market, the development of certain operations was
accelerated. This mainly applied to the "urban environment"
concept, as well as to our projects relating to renewable energy,
with an emphasis on research into the possibilities for energy
storage (such as the energy atoll in the North Sea).
Networks in a selected number of
emerging countries were strengthened in preparation for new
contracts. In addition, several new countries were examined with
regard to their potential for environmental funding. Due to the
economic and/or political instability, commercial operations in
other regions were scaled down or provisionally put "on hold". In
order to be able to focus even better on areas such as sustainable
urban development, port expansion, strategic energy storage and
innovative research projects, the local, more decree-oriented
research projects were transferred to ABO or, in some cases, even
discontinued. This restructuring should contribute to the
international profile of Ecorem NV and to the internationalisation
of the entire ABO-Group.
2015 was a year of strong growth
and transformation for GEOSONDA, the
environmental and geotechnical fieldwork department. First of all,
the operational integration was completed. As a result, the three
major research techniques (drilling, probing and the installation
of trial trenches) are now combined with the three major soil
investigation markets (environment, geotechnology and archaeology).
This unique combination generated a solid revenue growth, in which
the company was strengthened by several new and talented employees.
Several large and multidisciplinary projects were also acquired
(such as soil analysis for the Saeftinghe dock). In addition,
further investments were made in modern and specialised equipment,
such as environmentally-friendly vehicles and a new CPT unit, which
will allow the continuation of growth and innovation.
2015 also was a year of growth for
E20 (Energy to zero Consult). A new,
experienced auditor profile was attracted, a project manager
targeting the Brussels' market was employed and the necessary
administrative support was provided. E20 sees its market share
increasing. The award of a major contract for Antwerp will allow us
to significantly increase the 2016 sales. In addition, continuity
was ensured through an additional assignment for the Enterprise
Agency, the attraction of new customers for the mandatory energy
audits for large companies, and the ongoing energy coaching
contract for the city of Ghent. For 2016, growth is foreseen in the
consultancy of companies regarding energy-related matters, and of
governments regarding the reduction of their energy consumption.
Furthermore, investments in R&D will enable the development of
niche activities and the build-up of long-term cooperation with
customers.
The Netherlands
The Dutch market seems to be
gaining speed. As a result, the recovery movement is continuing
after a very difficult crisis period in 2009-2013. The
environmental and geotechnical fieldwork operations (Sjaltech and
Goorbergh Geotechniek) experienced a very healthy growth, and a
significant organic sales growth is again expected for 2016.
ABO-Group is very much looking forward to strengthening its
presence and product range in the Dutch market.
Financial
calendar
25/05/2016: General Shareholders'
Meeting
30/09/2016: Figures for the first half of 2016
Statement of the
statutory auditor
The auditor of ABO-Group
Environment NV, Ernst & Young Bedrijfsrevisoren BCVBA,
represented by Marnix Van Dooren, has confirmed that his audit
review, which was thoroughly completed, has not revealed any
significant corrections that would require an adjustment to the
2015 consolidated figures for the Group, which are included in this
press release.
About the ABO-Group
The ABO-Group is a group of
integrated engineering and testing companies operating in the areas
of soil investigation, environment, geotechnology, energy and
waste. The ABO-Group aims to increase its sales through internal
growth and acquisitions, and to broaden the range of its operations
both within and outside Europe. For a more detailed description of
the group's risks and operations, we refer to the listing document
of the ABO-Group, which was released on 31 July 2014, and is
available on the ABO-Group website (www.abo-group.eu).
For more information:
Frank De
Palmenaer
Johan
Reybroeck
CEO ABO-Group Environment
NV
CFO ABO-Group Environment NV
frank.depalmenaer@abo-group.eu
johan.reybroeck@abo-group.eu
T +32 (0)496 59 88 99
Derbystraat 255, Maaltecenter Blok G, B-9051 Ghent
(SDW), Belgium
This press release is available on our website
www.abo-group.eu
ANNEX: CONSOLIDATED FINANCIAL FIGURES
Consolidated profit and loss
account
|
|
|
|
For the year ending on 31
December |
|
|
|
|
|
|
|
2015 |
|
2014 |
|
+/- |
+/-% |
|
|
|
|
In thousands
of € |
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales |
|
|
|
31,620 |
|
29,015 |
|
2,605 |
9.0% |
Other
operating income |
|
|
|
1,523 |
|
932 |
|
591 |
63.4% |
Total operating income |
|
|
|
33,143 |
|
29,947 |
|
3,196 |
10.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchases |
|
|
|
-3,634 |
|
-2,992 |
|
-642 |
21.5% |
Services and miscellaneous goods |
|
|
|
-10,601 |
|
-10,319 |
|
-282 |
2.7% |
Employee remunerations |
|
|
|
-15,710 |
|
-13,987 |
|
-1,723 |
12.3% |
Depreciation |
|
|
|
-1,713 |
|
-1,544 |
|
-169 |
10.9% |
Other
operating expenses |
|
|
|
-1,162 |
|
-763 |
|
-399 |
52.3% |
Operating profit |
|
|
|
323 |
|
342 |
|
-19 |
-5.6% |
|
|
|
|
|
|
|
|
|
|
Financial charges |
|
|
|
-312 |
|
-274 |
|
-38 |
13.9% |
Financial income |
|
|
|
61 |
|
103 |
|
-42 |
-40.8% |
Share in the profit of associated companies |
|
91 |
|
35 |
|
56 |
160.0% |
Pre-tax profit from continuing
operations |
|
163 |
|
206 |
|
-43 |
-20.9% |
|
|
|
|
|
|
|
|
|
|
Tax |
|
|
|
-1 |
|
-168 |
|
167 |
-99.4% |
Net profit from continuing operations |
|
|
|
162 |
|
38 |
|
124 |
326.3% |
|
|
|
|
|
|
|
|
|
|
Profit from discontinued operations, after tax |
|
-14 |
|
161 |
|
-175 |
-108.7% |
Net profit |
|
|
|
148 |
|
199 |
|
-51 |
-25.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
profit (loss) attributable to the |
|
|
|
|
|
|
|
|
|
shareholders of the parent company |
|
|
|
149 |
|
219 |
|
-70 |
-32.0% |
Minority interests |
|
|
|
-1 |
|
-20 |
|
19 |
-95.0% |
|
For the year
ending on 31 December |
|
2015 |
|
2014 |
|
|
|
|
Profit (loss) per share for the
shareholders |
|
|
|
Basic
and diluted |
€ 0.01 |
|
€ 0.02 |
Profit (loss) per share (continuing
operations) |
|
|
|
Basic
and diluted |
€ 0.02 |
|
€ 0.00 |
Profit (loss) per share (discontinued
operations) |
|
|
|
Basic
and diluted |
€ -0.00 |
|
€ 0,02 |
|
|
|
|
Weighted average shares (basic earnings per share)(in .000) |
10,569 |
|
10,425 |
Weighted average shares with impact from dilution (in .000) |
10,569 |
|
10,425 |
Consolidated overview of the full period
result |
|
For the year
ending on 31 December |
|
|
|
|
2015 |
|
2014 |
|
|
|
|
In thousands
of € |
Net profit |
|
|
|
148 |
|
199 |
|
|
|
|
|
|
|
Unrealised results |
|
|
|
|
|
|
Transferable to the profit and loss
account |
|
|
|
|
|
|
Revaluation of buildings |
|
|
|
183 |
|
0 |
Tax impact |
|
|
|
-62 |
|
0 |
Change
in fair value of financial assets available for sale |
|
|
|
40 |
|
22 |
Tax impact |
|
|
|
0 |
|
-7 |
Non-transferable to the profit and loss
account |
|
|
|
|
|
|
Actuarial profits (losses) |
|
|
|
11 |
|
-158 |
Tax impact |
|
|
|
-4 |
|
52 |
|
|
|
|
|
|
|
Unrealised results, after tax |
|
|
|
168 |
|
-91 |
|
|
|
|
|
|
|
Total result, after tax |
|
|
|
316 |
|
108 |
|
|
|
|
|
|
|
Total
result, attributable to the |
|
|
|
|
|
|
shareholders of the parent company |
|
|
|
316 |
|
128 |
Minority interests |
|
|
|
0 |
|
-20 |
Consolidated balance
sheet
|
|
|
|
|
For the year ending on 31
December |
|
|
|
|
|
2015 |
|
2014 |
|
|
|
|
|
In thousands
of € |
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
Goodwill |
|
|
|
154 |
|
154 |
|
Intangible fixed assets |
|
|
|
322 |
|
89 |
|
Tangible fixed assets |
|
|
|
10,759 |
|
9,310 |
|
Investments in associated companies |
|
|
|
84 |
|
183 |
|
Deferred tax assets |
|
|
|
2,000 |
|
1,648 |
|
Financial assets available for sale |
|
|
|
175 |
|
134 |
|
Other
financial assets |
|
|
|
336 |
|
267 |
|
|
|
|
|
13,830 |
|
11,785 |
|
|
|
|
|
|
|
|
|
Short-term assets |
|
|
|
|
|
|
|
Stocks |
|
|
|
418 |
|
275 |
|
Trade
receivables |
|
|
|
12,053 |
|
12,657 |
|
Other
short-term assets |
|
|
|
2,571 |
|
1,364 |
|
Cash
and cash equivalents |
|
|
|
2,405 |
|
3,327 |
|
|
|
|
|
17,447 |
|
17,623 |
|
|
|
|
|
|
|
|
|
Assets
held for sale |
|
|
|
1,259 |
|
1,271 |
|
|
|
|
|
|
|
|
Total assets |
|
|
|
32,536 |
|
30,679 |
|
|
|
|
|
For the year ending on 31
December |
|
|
|
|
|
2015 |
|
2014 |
|
|
|
|
|
In thousands of € |
Shareholders' equity and
payables |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net shareholders' equity |
|
|
|
|
|
|
|
Capital |
|
|
|
4,857 |
|
4,857 |
|
Consolidated reserves |
|
|
|
4,032 |
|
3,773 |
|
Unrealised results |
|
|
|
1,676 |
|
1,694 |
|
Equity attributable to the shareholders of the
group |
|
|
|
10,565 |
|
10,324 |
|
Minority interests |
|
|
|
551 |
|
107 |
|
Total equity |
|
|
|
11,116 |
|
10,431 |
|
|
|
|
|
|
|
|
|
Long-term liabilities |
|
|
|
|
|
|
|
Financial debts |
|
|
|
1,675 |
|
2,022 |
|
Deferred tax liabilities |
|
|
|
1,262 |
|
921 |
|
Provisions |
|
|
|
1,108 |
|
481 |
|
|
|
|
|
4,045 |
|
3,424 |
|
|
|
|
|
|
|
|
|
Current liabilities |
|
|
|
|
|
|
|
Financial debts |
|
|
|
4,956 |
|
5,030 |
|
Trade
payables |
|
|
|
4,412 |
|
4,230 |
|
Tax
liabilities |
|
|
|
143 |
|
85 |
|
Other
short-term debts |
|
|
|
6,568 |
|
6,180 |
|
|
|
|
|
1,079 |
|
15,525 |
|
Payables related to assets held for sale |
|
|
|
1,296 |
|
1,299 |
|
|
|
|
|
|
|
|
Total shareholders' equity and
payables |
|
|
|
32,536 |
|
30,679 |
Consolidated cash flow
statement
|
|
|
|
For the year
ending on 31 December |
|
|
|
|
2015 |
|
2014 |
|
|
|
|
In thousands
of € |
Operating activities |
|
|
|
|
|
|
|
|
|
|
|
|
Net profit |
|
|
148 |
|
199 |
|
|
|
|
|
|
|
Non-cash costs and operating
adjustments |
|
|
|
|
|
|
Depreciation of tangible fixed assets |
|
|
1,678 |
|
1,407 |
|
Depreciation of intangible fixed assets |
|
|
59 |
|
69 |
|
Surplus on NCI revaluation |
|
|
-361 |
|
|
|
Profit
on the sale of tangible fixed assets |
|
|
-187 |
|
-4 |
|
Movements in provisions |
|
|
471 |
|
-46 |
|
Movements in impairments on customers |
|
|
26 |
|
20 |
|
Financial income |
|
|
-61 |
|
-93 |
|
Financial charges |
|
|
314 |
|
274 |
|
Share
in the profit of associated companies |
|
|
-91 |
|
-35 |
|
Deferred tax income |
|
|
-301 |
|
-48 |
|
Tax
costs |
|
|
302 |
|
216 |
|
Other |
|
|
0 |
|
2 |
|
|
|
|
|
|
|
Changes to the working capital |
|
|
|
|
|
|
Decrease (increase) in other financial assets, trade receivables
and other short-term assets |
|
|
363 |
|
-900 |
|
Decrease (increase) in stocks |
|
|
-37 |
|
24 |
|
Increase (decrease) in trade payables and other debts |
|
|
-11 |
|
835 |
|
|
|
|
2,312 |
|
1,920 |
|
Interest received |
|
|
39 |
|
44 |
|
Tax
paid |
|
|
-258 |
|
-360 |
|
|
|
|
|
|
|
Net cash flow from operating
activities |
|
2,093 |
|
1,604 |
Investment activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in tangible fixed assets |
|
|
-1,054 |
|
-774 |
|
Investments in intangible fixed assets |
|
|
-10 |
|
-13 |
|
Sales
of tangible fixed assets |
|
|
356 |
|
27 |
|
Acquisition of minority interest |
|
|
-175 |
|
0 |
|
Acquisition of subsidiary |
|
|
-196 |
|
585 |
|
Sale
to minority interest |
|
|
1 |
|
0 |
|
Sale
of joint venture |
|
|
0 |
|
462 |
|
Loan
to associated company |
|
|
-70 |
|
0 |
|
Investments in associated companies |
|
|
0 |
|
-50 |
|
|
|
|
|
|
|
Net cash flow from (used in) investment
activities |
|
|
-1,148 |
|
237 |
|
|
|
|
|
|
|
Financing activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
Income
from loans |
|
|
1,878 |
|
3,159 |
|
Repayment of loans |
|
|
-2,806 |
|
-3,730 |
|
Repayment of leasing debts |
|
|
-670 |
|
-585 |
|
Capital increase in cash |
|
|
0 |
|
527 |
|
Directly attributable costs of capital increase |
|
|
0 |
|
-11 |
|
Interest paid |
|
|
-163 |
|
-259 |
|
Other
financial income (costs) |
|
|
-118 |
|
34 |
|
|
|
|
|
|
|
Net cash flow from financing
activities |
|
|
-1,879 |
|
-865 |
|
|
|
|
|
|
|
Net increase in cash and cash
equivalents |
|
|
-934 |
|
976 |
|
Cash and cash equivalents at the beginning of the
year |
|
3,433 |
|
2,457 |
|
Cash and cash equivalents at the end of the year |
|
2,499 |
|
3,433 |
|
|
|
|
|
|
|
Other non-cash transactions |
|
|
|
|
|
|
Cash
assets held for sale |
|
|
94 |
|
106 |
Consolidated statement of changes
in equity
|
|
Attributable to the
shareholders
of the group |
|
|
|
|
|
|
Capital |
|
Consolidated reserves |
|
Unrealised results |
|
Total |
|
Minority interest |
|
Total equity |
|
|
In thousands of € |
|
|
|
|
|
|
|
|
|
|
|
|
|
On 31 December 2013 |
2,818 |
|
3,469 |
|
1,870 |
|
8,157 |
|
127 |
|
8,284 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net profit |
|
|
219 |
|
|
|
219 |
|
-20 |
|
199 |
Unrealised results |
|
|
|
|
-91 |
|
-91 |
|
|
|
-91 |
Total results |
0 |
|
219 |
|
-91 |
|
128 |
|
-20 |
|
108 |
|
|
|
|
|
|
|
|
|
|
|
|
0 |
Reverse acquisition of Thenergo |
1,524 |
|
|
|
|
|
1,524 |
|
|
|
1,524 |
Capital increase in cash |
526 |
|
|
|
|
|
526 |
|
|
|
526 |
Directly attributable costs of capital increase |
-11 |
|
|
|
|
|
-11 |
|
|
|
-11 |
Transfer of depreciation of tangible fixed assets |
|
|
85 |
|
-85 |
|
0 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
On 31 December 2014 |
4,857 |
|
3,773 |
|
1,694 |
|
10,324 |
|
107 |
|
10,431 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net profit |
|
|
149 |
|
|
|
149 |
|
-1 |
|
148 |
Unrealised results |
|
|
|
|
167 |
|
167 |
|
1 |
|
168 |
Total results |
0 |
|
149 |
|
167 |
|
316 |
|
0 |
|
316 |
|
|
|
|
|
|
|
|
|
|
|
|
|
25% sale of Ecorem |
0 |
|
93 |
|
-100 |
|
-7 |
|
8 |
|
1 |
Purchase of minority interest in E20 |
0 |
|
-68 |
|
0 |
|
-68 |
|
-107 |
|
-175 |
Purchase Sialtech (minority interest) |
0 |
|
0 |
|
0 |
|
0 |
|
543 |
|
543 |
Transfer of depreciation of tangible fixed assets |
0 |
|
85 |
|
-85 |
|
0 |
|
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
On 31 December 2015 |
4,857 |
|
4,032 |
|
1,676 |
|
10,565 |
|
551 |
|
11,116 |
[1] Recurring
earnings before interest, taxes, depreciation and amortization
[2] Including
the share in the profit of associated companies
[3] BREEAM is a
label developed by BRE (an organisation from the United Kingdom),
which assesses the environmental impact of buildings or projects on
the basis of the implemented sustainability measures. The label can
be applied at an international level, and can be granted to
buildings that are already in use, to new or renovated buildings,
and to new master plans.
ABO-Group Annual Results for
2015
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: ABO-Group via Globenewswire
HUG#1999430
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