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BENE AG

euro adhoc: BENE AG
quarterly or semiannual financial statement
Bene continues success course: substantial sales increase in the first half-year of 2007/08.

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
6-month report
28.09.2007
•       Group sales increased by 30.6 % to EUR 115.1 million
•       Temporary impact on earnings by disproportionate sales growth
•       Numerous large scale projects before end of realisation
•       Continuing positive market environment
Vienna / Waidhofen/Ybbs, September 28, 2007. In the first half-year 
of 2007/08, the Bene AG with its headquarters in Waidhofen/Ybbs, 
listed on the Vienna Prime Market (ISIN AT00000BENE6) achieved 
significant sales increases and could further expand its market 
share.
An ongoing strong organic growth and the acquisitions in the past 
twelve months led to a sales increase of 30.6 % to EUR 115.1 million 
(first half-year 2006/07: EUR 88.2 million).  In the home market 
Austria, the Bene Group could again increase sales by 9.3 % to EUR 
36.1 million (first half-year 2006/07: EUR 33.0 million). Likewise in
Germany, Bene significantly improved sales by 38.0 % from EUR 21.3 
million to EUR 29.4 million. With a sales growth of 36.0 % to EUR 
17.7 million (first quarter 2006/07: EUR 13.0 million), the Bene 
Group could also continue its success course in Great Britain (UK). 
Bene achieved its strongest sales growth in Russia with an increase 
of 53.9 % to EUR 13.4 million (first half-year 2006/07: EUR 8.7 
million). With a sales plus of 53.0 % and a rise to EUR 18.5 million 
in the first six months of 2007/08 (first half-year 2006/07: EUR 12.1
million), the Bene Group also significantly boosted sales in the 
"rest of the world" segment.
Thanks to its dense distribution net and despite a competitive price 
situation, in the first half-year of 2007/08, the Bene Group could 
generate very high revenues. However, with an EBIT in the amount of 
EUR 5.1 million (first half-year 2006/07: EUR 7.1 million), 
earnings-wise Bene could not yet follow up the extraordinary 
profitable first half-year of 2006/07. But earnings figures for the 
first half-year of 2007/08 have to be qualified insofar as the strong
volume increase led to an extraordinary intense capacity utilisation 
of the entire production and the overall organisation. This resulted 
in temporary additional expenditures, which negatively impacted the 
EBIT-margin. This effect was even intensified by numerous projects, 
which at the end of the first half-year were just before 
implementation. Costs of these projects are already included in the 
result, but the contribution margin will only show in the third and 
forth quarter figures. Despite the adjustments to the capacity 
requirements, all in all, the Bene Group´s fixed cost structure 
remained relatively constant. The Bene Group has already reacted on 
the significant sales growth and, among others, has successfully 
implemented investments for the site´s capacity expansion.
Against this background, in the first half-year of 2007/08, the Bene 
Group generated an EBIT-margin of 4.4 % after 8.1 % in the previous 
year´s comparison period.
The financial result of the Bene Group improved by 0.6 million to EUR
0.1 million. The EBT amounted to EUR 5.3 million (first half-year 
2006/07: EUR 6.7 million).
As of the reference date July 31, 2007, the equity ratio was 40.8 % 
(January 31, 2007: 45.6 %). The working capital amounted to EUR 31.5 
million (July 31, 2006: EUR 33.5 million).
With a total of EUR 9.1 million in the first half-year of 2007/08, 
the Bene Group considerably increased its investment volume (first 
half-year 2006/07: EUR 2.4 million).
On the reporting date July 31, 2007, the Bene Group occupied 1.446 
employees worldwide. This corresponds to an increase of 235 persons 
or by 19.4 %.
With two further upcoming strong quarters, the Management Board of 
Bene Group is optimistic to significantly increase sales and intends 
to further strengthen the distribution structure through personnel 
recruitment but also through short-term acquisition possibilities. As
a result of the continuing positive economic situation, all segments 
report a satisfying demand development.
The comprehensive half-year report is available under 
http//:bene.com.
end of announcement                               euro adhoc 28.09.2007 07:30:00

Further inquiry note:

Investor Relations
Mag. Gerald Strohmaier, MBA
Head of Finance & Investor Relations
BENE AG
A-3340 Waidhofen/Ybbs
Schwarzwiesenstraße 3
Phone +43-7442-500-3372
Fax +43-7442-500-993372
http://bene.com

Branche: Furnishings & Furniture
ISIN: AT00000BENE6
WKN:
Index: ATX Prime
Börsen: Wiener Börse AG / official market

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