Company announcement 7/2014
Interim Report for Q3 2014
(1 July 2014 - 30 September 2014)
LM Wind Power reports revenue of EUR 149.0 million and EBITDA of EUR 19.4 million for Q3 2014.
Highlights:
- Q3 and YTD group revenue was EUR 149.0 million and EUR 422.0 million respectively
- Q3 and YTD EBITDA was EUR 19.4 million and EUR 48.5 million respectively
- Group liquidity comprising cash and undrawn credit facility amounted to EUR 66.9 million at the end of Q3 2014
EUR millions | 3rd quarter | January to September | |||
2014 | 2013 | 2014 | 2013 | ||
Revenue | 149.0 | 117.2 | 422.0 | 350.6 | |
Operating profit before depreciation and amortization (EBITDA) | 19.4 | 13.7 | 48.5 | 46.0 | |
Operating profit before special items | 9.3 | 0.3 | 15.4 | 5.4 | |
Net finance costs | 3.8 | (10.9) | (5.5) | (27.6) | |
Profit/(Loss) before income tax | 12.6 | (10.8) | 7.8 | (23.4) | |
Profit/(Loss) for the period from continuing operations | 5.5 | (6.3) | (4.9) | (14.5) | |
Profit/(Loss) for the period | 5.5 | (67.1) | (4.4) | (72.7) | |
EBITDA: | |||||
Results from operating activities before special items | 9.3 | 0.3 | 15.4 | 5.4 | |
Depreciation and amortization | 10.1 | 13.4 | 33.1 | 40.6 | |
EBITDA | 19.4 | 13.7 | 48.5 | 46.0 |
This interim report for Q3 2014 has not been audited or reviewed.
There will be a conference call on 21 November 2014, at 2:30pm (CET) where the CFO, Nick Smith, will go through the Q3 interim report. The conference call will be in English. To participate, please call one of the following numbers (the one closest to your location).
+45 3271 3505 (Denmark)
+31 (0) 207 085 041 (Netherlands)
+44 (0) 203 140 8110 (United Kingdom)
+1 347 532 1792 (United States )
If prompted, enter the Meeting Number: * 606279 * (Be sure to enter the * star key before and after the Meeting Number).
Contact details:
Chris Springham Lene Mi Ran Kristiansen
VP Global Communication & HR Manager, Global Communications
+31 6 14814919 + 45 5138 8236