INTERIM REPORT OF HARBOES BRYGGERI A/S
For the period 1 May - 31 October 2009
The financial year for the group in outline
Revenue was DKK 804.8 million, down 4.2%. The fall is attributable to the
weeding-out of unprofitable customers, which has also affected sales in the
brewery sector.
Sales of beer and soft drinks, including malt beverages and malt wort products,
totalled 2.93 million hectolitres against 3.01 million hectolitres last year,
down 2.7%.
Operating profit (EBIT) rose to DKK 32.9 million compared with last year's DKK
24.9 million, up 32.1%.
Consolidated profit before tax was DKK 31.5 million against DKK 21.2 million
last year, up 49.2%.
The group's investments during the period totalled DKK 64.7 million.
Cash flows from operating activities and free cash flows (changes in cash and
cash equivalents) amounted to DKK 9.8 million and DKK -47.4 million,
respectively.
Harboe maintains the outlook announced in its latest company announcements of
29 June 2009 and 1 September 2009 of a profit before tax in the range of DKK
55-65 million.
