Market announcement
AS Harju Elekter Group
LEI code
5299009GM96I0NYKWS93
Size of the entity
Large group
Economic activities
Real Estate Activities
Industry sector(s)
Credit rating agency
Country of registered office
Estonia
General information
Categories
Other price sensitive information
Unique data record identifier
3667
Submission date and time
02.05.2012 14:24:59
Content of announcement in Estonian
Title
Kontserni majandustulemused, 1-3/2012
Message
Kontserni aruandekvartali majandustulemused paranesid võrreldava perioodi suhtes oluliselt. Müügitulu kasvas 23,8%, brutokasum 35,3% ja ärikasum 2,3 korda.
Tähtsamad näitajad (EUR’000) Juurdekasv(%) Ikv 2012 Ikv 2011 2011
Müügitulu 23,8 11 671 9 426 46 674
Ärikasum enne kulumit (EBITDA) 47,3 735 499 3 378
Ärikasum (EBIT) 134,6 375 160 2 025
Perioodi puhaskasum 261,2 592 164 2 948
sh emaettevõtte omanikele kuuluv osa 219,0 580 182 2 773
Kasum aktsia kohta (EUR) 200,0 0,03 0,01 0,17
Kontserni konsolideeritud müügitulu kasvas I kvartalis 23,8% 11,67 miljoni euroni, millest 47,7% (2011 I kv: 44,4%) moodustas Soome turg, 36,2% (2011 I kv: 35,6%) Eesti, 10,7 % (2011 I kv: 9,3 %) muud Euroopa Liidu maad ja 5,4% (2011 I kv: 10,7%) müük väljapoole Euroopa Liitu. Väljaspool Eestit realiseeriti 63,8% (2011 I kv: 64,4%) Kontserni toodetest ja teenustest.
Äritegevuse kulud kasvasid kokku 21,9% 11,29 miljoni euroni, olles 1,9 protsendipunkti võrra madalamad müügitulu juurdekasvutempost, sh kasvasid müüdud toodete ja teenuste kulud 21,8%, turustuskulud 29,3% ja üldhalduskulud 18%.
Esimeses kvartalis oli Kontserni keskmine töötajate arv 435 (2011 I kv: 418), sellest Eestis 275 (265), Leedus 69 (68) ja Soomes 89 (84) töötajat ning Rootsis 2 (1)töötajat. Aruandeperioodi lõpu seisuga töötas Kontsernis 464 inimest, mis oli 7 töötajat rohkem kui aasta alguses ja 27 töötajat rohkem kui aasta tagasi. Kulutused tööjõule olid 2012. aasta esimeses kvartalis 2 904 (2011 I kv: 2 353) tuhat eurot ning aruandekvartalis maksti töötajatele palkade ja tasudena välja 2 280 (2011 I kv: 1 843) tuhat eurot. Keskmine töötasu kuus töötaja kohta oli 1 746 (2011 I kv: 1 472) eurot.
Põhivarade kulum moodustas äritegevuse kuludes kokku 360 (2011 I kv: 339) tuhat eurot.
Esimese kvartali ärikasum oli 375 (2011 I kv: 160) tuhat eurot ja ärikasum enne kulumit 735 (2011 I kv: 499) tuhat eurot. Aruandekvartali ärirentaabluseks kujunes 3,2%, paranedes 1,5 protsendipunkti võrra ja ärirentaabluseks enne kulumit 6,3%, mis oli 1 protsendipunkti võrra parem võrreldava perioodi rentaablusest.
2012. aasta esimeses kvartalis konsolideeris Kontsern sidusettevõttest kasumit 79 tuhat eurot, võrreldaval perioodil 30 tuhat eurot. Aruandekvartalis müüdi ka 15,4 tuhat PKC Group Oyj aktsiat, finantstulu aktsiate müügilt oli 175 tuhat eurot. Võrreldaval perioodil muudelt finants-investeeringutelt tulusid ei teenitud.
Kokkuvõtteks kujunes konsolideeritud puhaskasumiks 592 (2011 I kv: 164) tuhat eurot, millest emaettevõtte omanike osa moodustas 580 (2011 I kv: 182) tuhat eurot. Puhaskasum aktsia kohta oli I kvartalis 0,03 eurot (2011 I kv: 0,01) eurot.
Kontserni varade maht kasvas esimese kvartali jooksul 8,32 miljoni euro võrra 61,24 miljoni euroni. Varade kasvu peamiseks põhjuseks oli PKC Group Oyj aktsia turuhinna tõus, mis kasvas 3 kuuga 5,76 euro võrra 17,19 euroni. Aktsia ümberhindluse kasumi (7,98 miljoni euro) võrra kasvas investeeringu maksumus varades ja reservid omakapitalis. Kontserni investeeringud kinnisvarainvesteeringutesse, materiaalsesse ja immateriaalsesse põhivarasse olid I kvartalis kokku 140 (2011 I kv: 440) tuhat eurot.
Aruandekvartalis vähenesid lühiajalised laenukohustused 1,33 (2011 I kv: 0,13) miljoni euro võrra 0,71 miljoni euroni ning Kontsern tasus kapitalirendi põhimakseid 82 (2011 I kv: 70) tuhat eurot. 31.03.2012 seisuga oli Kontsernil intressikandvaid võlakohustusi kokku 2,5 (31.03.2011 3,15) miljonit eurot.
Raha ja rahaekvivalendid kasvasid 2012. aasta esimese kolme kuuga 0,41 miljoni euro võrra 1,22 miljoni euroni, võrreldaval perioodil aga vähenesid 0,23 miljoni euro võrra 2,17 miljoni euroni.
Andres Allikmäe
Juhataja
Lisainformatsioon: Harju Elektri 1. kvartali vahearuanne: http://www.harjuelekter.ee/index.php?page=39&
Karin Padjus, finantsdirektor (tel 674 7403).
KONSOLIDEERITUD BILANSS 31.03.2012
Konsolideeritud, auditeerimata
Kontsern
EUR'000
VARAD 31.03.12 31.12.11
Raha, pangakontod 1 224 815
N?uded ostjatele ja muud nõuded 6 740 7 848
Ettemaksed 133 104
Ettevõtte tulumaks 27 20
Varud 7 985 6 658
Käibevara kokku 16 109 15 445
Edasilükkunud tulumaksu vara 35 35
Sidusettevõtete aktsiad 1 256 1 177
Pikaajalised finantsinvesteeringud 23 823 16 023
Kinnisvarainvesteeringud 10 727 10 833
Materiaalne põhivara 8 859 8 985
Immateriaalne põhivara 429 422
Põhivara kokku 45 129 37 475
VARAD KOKKU 61 238 52 920
KOHUSTUSED JA OMAKAPITAL
Võlakohustused 911 2 245
Võlad tarnijatele ja muud võlad 7 316 6 268
Maksuvõlad 907 758
Ettevõtte tulumaks 44 29
Lühiajalised eraldised 15 17
Kokku lühiajal.kohustused 9 193 9 317
Pikaajalised kohustused 1 585 1 569
Kohustused kokku 10 778 10 886
Aktsiakapital 11 760 11 760
Reservkapital 23 689 15 881
Jaotamata kasum 13 278 12 672
Emaettevõtte osalus omakapitalis 48 727 40 313
Mitte-kontrolliv osalus 1 733 1 721
Kokku omakapital 50 460 42 034
KOHUSTUSED JA OMAKAPITAL KOKKU 61 238 52 920
KASUMIARUANNE
KONSOLIDEERITUD KASUMIARUANNE 01.01.-31.03.2012
Konsolideeritud, auditeerimata
EUR’000
Kontsern KV1 2012 KV1 2011
Realiseerimise netokäive 11 671 9 426
Realiseeritud toodete kulud -9 775 -8 025
Kogukasum 1 896 1 401
Turustuskulud -637 -493
Üldhalduskulud -875 -741
Muud äritulud 2 1
Muud ärikulud -11 -8
Ärikasum 375 160
Neto finantstulud/ (-kulud) 173 -7
Tulu sidusettevõttest 79 30
Kasum enne maksustamist 627 183
Tulumaks -35 -19
Maksustamisjärgne kasum, sh 592 164
emaettevõtte omanike osa 580 182
mitte-kontrolliv osa 12 -18
Tava puhaskasum aktsia kohta 0,03 0,01
Lahustatud puhaskasum aktsia kohta 0,03 0,01
Karin Padjus
Finantsdirektor
6 747 403
Content of announcement in English
Title
Financial results, 1-3/2012
Message
The financial indicators of the Group in the accounting year demonstrated significant improvements. Sales revenue increased by 23.8%, gross profit by 35.3% and operating profit 2.3 times. Key figures (EUR’000) Growth (%) Q1 2012 Q1 2011 2011 Sales revenue 23.8 11,671 9,426 46,674 EBITDA 47.3 735 499 3,378 Operating profit 134.6 375 160 2,025 Net profit for the current period 261.2 592 164 2,948 Incl. equity holders of the parent219.0 580 182 2,773 EPS (EUR) 200.0 0.03 0.01 0.17 In Q1 2012, the sales revenue of the Group increased by 23.8% up to 11.67 million euros, of which 47.7% (Q1 2011: 44.4%) accounted from the Finnish market, 36.2% (Q1 2011: 35.6%) Estonian, 10.7 % (Q1 2011: 9.3 %) Other EU countries and 5.4% (Q1 2011: 10.7%) sales outside EU. 63.8% (Q1 2011: 64.4%) of the Group’s products and services sold outside Estonia. In the first quarter, expenses of the operating activities increased by 21.9% to 11.29 million euros, which was by 1.9 percentage points lower than the growth rate of sales revenue; at the same time, cost of sales increased by 21.8%, distribution costs by 29.3% and admin costs by 18%. In the first quarter, there was an average of 435 (Q1 2011:418) people working in the Group, of which 275 (265) in Estonia, 69 (68) in Lithuania, 89 (84) in Finland and 2 (1) in Sweden. As at the balance day on 31 March, there were 464 people working in the Group, which were 7 employees more than on the beginning of the year and 27 employees more than a year before. Expenses on staff in Q1 2012 were 2,904 (Q1 2011: 2,353) thousand euros and employee wages and salaries totalled 2,280 (Q1 2011: 1,843) thousand euros in the reporting quarter. The average wages per employee per month was 1,746 (Q1 2011: 1,472) euros. The depreciation of fixed assets accounted for a total of 360,000 (Q1 2011: 339,000) euros in operational expenditures. Operating profit of Q1 2012 was 375,000 (Q1 2011:160,000) euros and EBITDA was 735,000 (Q1 2011: 499,000) euros. Return of sales for the period was 3.2%, which was 1.5 per cent point better compared to the same period last year and return of sales before depreciation was 6.3%, improving by 1 per cent point comparing to the Q1 2011. In Q1 2012 the Group consolidated from the related company a profit of 79,000 (Q1 2011: 30,000) euros. At the same time, 15.4 thousand shares of PKC Group Oyj were sold in the reporting quarter and financial income from selling the shares was 175,000 euros. During the comparable period, there was no income earned from the other financial investments. Overall, the consolidated net profit of the Q1 2012 was 592 (Q1 2011: 164) thousand euros, of which the share of the owners of the parent company was 580 (Q1 2011: 182) thousand euros. In Q1 EPS were 0.03 (Q1 2011: 0.01) euros. The amount of the consolidated balance sheet as of 31 March 2012 was 61.24 million euros, increasing by 8.32 million euros during the reporting quarter. The main reason for the increase in assets was the rise in the market price of PKC Group Oyj shares. The price of the share increased in three months by 5.76 euros to 17.19 euros. The cost of investment in assets and reserves in equity capital increased by the profit of 7.98 million euros received from stock revaluation. During the accounting quarter the Group investments to real estate, tangible fixed assets and intangible fixed assets totalling 140 (Q1 2011: 440) thousand euros. During the first quarter, short-term liabilities were reduced by 1.33 (Q1 2011: 0.13) million euros to 0.71 million euros and 82,000 (Q1 2011: 70,000) euros worth of principal amounts of the financial lease were repaid. As at 31.03.2012, the Group had a total of interest-bearing debt obligations of 2.5 million (31.03.2011: 3.15 million) euros. During the first three months, cash and cash equivalents increased by 0.41 million euros to 1.22 million euros; within the comparable period cash and its equivalents decreased by 0.23 million euros to 2.17 million euros. Andres Allikmäe Managing Director/CEO For more information: Interim report 1-3/2012: http://www.harjuelekter.ee/index.php?page=148& Mrs Karin Padjus, FO, phone +372 674 7403 AS HARJU ELEKTER BALANCE SHEET, 31.03.2012 Consolidated, unaudited Group EUR'000 ASSETS 31.03.12 31.12.11 Cash and cash equivalents 1 224 815 Trade receivables and other receivables 6 740 7 848 Prepayments 133 104 Prepaid income tax 27 20 Inventories 7 985 6 658 TOTAL CURRENT ASSETS 16 109 15 445 Deferred income tax asset 35 32 Investments in associates 1 256 1 177 Other long-term financial investments 23 823 16 023 Investment property 10 727 10 833 Property, plant and equipment 8 859 8 985 Intangible assets 429 422 Total non-current assets 45 129 37 475 TOTAL ASSETS 61 238 52 920 LIABILITIES AND OWNERS' EQUITY Interest-bearing loans and borrowings 911 2 245 Trade payables and other payables 7 316 6 268 Tax liabilities 907 758 Income tax liabilities 44 29 Short-term provision 15 17 TOTAL CURRENT LIABILITIES 9 193 9 317 NON-CURRENT LIABILITIES 1 585 1 569 TOTAL LIABILITIES 10 778 10 886 Share capital 11 760 11 760 Restricted reserves 23 689 15 881 Retained earnings 13 278 12 672 TOTAL OWNERS' EQUITY 48 727 40 313 Non-controlling interests 1 733 1 721 TOTAL EQUITY 50 460 42 034 TOT.LIABILIT.AND OWNERS' EQUITY 61 238 52 920 INCOME STATEMENT, 1-3/2012 Consolidated,unaudited EUR’000 GROUP Q1 2012 Q1 2011 NET SALES 11 671 9 426 Cost of goods sold -9 775 -8 025 Gross profit 1 896 1 401 Marketing expenses -637 -493 Administrative expenses -875 -741 Other revenue 2 1 Other expenses -11 -8 Operating profit 375 160 Net financial incomes/expenses 173 -7 Income from subsidiaries 79 30 Profit from normal operations 627 183 Corporate Income tax -35 -19 Profit after taxes, incl 592 164 Net profit for the year 580 182 Non-controlling interest 12 -18 Basic earnings per share 0,03 0,01 Diluted earnings per share 0,03 0,01 Karin Padjus Financial manager +372 674 7403