Management Review
The results continues on a satisfactory level with net revenue in the first half of 2015 of DKK 249.5 million (DKK 231.1 million 2014) and EBITDA of DKK 87.8 million (DKK 77.3 million 2014). As depreciations and financial costs were higher in the first half of 2015 than in 2014 Profit Before Tax for first half of 2015 was DKK 11.8 million (DKK 7.4 million 2014). For the full year of 2015, GlobalConnect expects on Group level to see a rise in EBITDA compared with 2014 and a Profit Before Tax above 2014.
GlobalConnect is focusing on securing and developing its current marked position through controlled growth, based on an increased focus on processes and reporting. During the first half of 2015, GlobalConnect has invested in further quality improvement of the fiber network, and we continue our efforts to increase the range of products and services in order to improve customer satisfaction even further.
As per July 1st 2015 GlobalConnect acquired 70 per cent of the company T26 Technology A/S. The acquisition strengthen our position in the Danish market for it-outsourcing and cloud-services. GlobalConnect expects that the acquisition will have a positive effect on both revenue and EBITDA from second half of 2015 and onwards.
Results for Q3 2015 will be published on November 13th 2015.
Yours faithfully,
GlobalConnect A/S
Christian Holm Christensen
CEO
HUG#1945569
