‘For many reasons, 2014 has been a remarkable year for Braas Monier. We have shown an outstanding operating performance, significantly improved our financial structure on the debt as well as on the equity side and, what is more, we have set the course for further above-market growth in the future, by continuing to execute successfully our Top Line Growth programme. The acquisition of Cobert and the promising product innovation ‘WrapTec‘ are good examples that we continue to deliver on our strategic milestones,’ Pepyn Dinandt, CEO of Braas Monier Building Group S.A. summarised.
The strength of Braas Monier’s operating and financial performance in 2014 has enabled the Company to already propose its first and substantial dividend of EUR 0.30 per share to its shareholders. It is this strength in performance, despite many markets being on a historical low, that gives us confidence in our continued ability to offer long-term attractive growth opportunities to our shareholders.
For 2015, Braas Monier expects revenues to grow by a mid-single-digit percentage figure, driven by growth in volumes and the first time inclusion of Cobert. Average selling price increases are expected to at least offset variable cost inflation. Currency effects will possibly have a marginal positive effect on revenues.
From a cost perspective, management expects slight increases in input costs (raw materials and wage inflation). The currently low energy prices might have the potential to ease some variable cost inflation if they were to stay at these levels throughout the year. Revenue growth together with an on going focus on strict cost control at all levels will further drive growth in the Company’s profits.
For the full Annual Report 2014 and other information on the Group, see the Investor Relations section on our website www.braas-monier.com > Investor Relations > Publications.