Braas Monier publishes full Interim Management Statement for Q3 and 9M 2016
Luxembourg, 2 November 2016. Following its trading update released last Friday, Braas Monier Building Group S.A. publishes the full Interim Management Statement for the third quarter and the first nine months 2016 on its website today.
The key financial highlights as per 30 September 2016 are:
- Continued growth in selected markets such as Germany, Poland, the Netherlands and South-Eastern Europe
- Soft volume development – in particular in Italy and Western European markets – compounded by negative currency effects
- Q3 2016 revenues of EUR 348.5 million down 1%
- Operating EBITDA of EUR 65.3 million 5% below Q3 2015
- Adjusted free cash flow increased by 8% to EUR 70.4 million in Q3 2016
- M&A strategy continued with Ontop in the Netherlands and a concrete tile plant in Romania
- Full-year Operating EBITDA is expected to increase slightly, with revenues on last year’s level
- Change of dividend policy to 30% - 50% of adjusted free cash flow
- Board of Directors will propose a dividend of EUR 0.70 per share for 2016
For the full Interim Management Statement and further information on the Group, please visit our website at www.braas-monier.com > Investor Relations > Financial Statements
About Braas Monier
Braas Monier Building Group is a leading manufacturer and supplier of pitched roof products in Europe, parts of Asia
and South Africa. The Group covers all steps of the manufacturing process, offering a comprehensive range of
concrete and clay tiles for pitched roofs and is one of the few suppliers to also manufacture and sell complementary
roofing components designed to cover various functional aspects of pitched roof construction. The portfolio also
includes ceramic and steel chimneys and energy system solutions. Braas Monier had operations in 36 countries and
120 production facilities and employed 7,911 people as at 30 September 2016. The Company is headquartered in
Luxembourg.
Contact
Achim Schreck
Director Group Communications / Investor Relations
Braas Monier Building Group
Tel: +49 6171 61 28 59
E-mail: achim.schreck@monier.com
Website: www.braas-monier.com
