Highlights
  • Record sales and profit for the period
  • Continued margin improvement
  • Positive free cash flow
  • Interim dividend increased by 35.0%
  • Reduced gearing from 66.1% to 37.4%
  • New products driving growth
2012
USDm		 2011
USDm		 Changes
%
Turnover 1,855 1,784 +4.0%
EBITDA 188 170 +10.4%
EBIT 127 115 +10.4%
Profit attributable to Owners of the Company 96 80 +20.1%
EPS (US cents) 5.69 5.00 +13.8%
Interim dividend per share (approx. US cent) 0.87 0.64 +35.0%
Facts & Figures
Record sales of USD 1.9 billion
Gross margin improved to 33.5%
Net profit +20.1%
Net gearing reducedsignificantly from 66.1% to37.4%
Free cash flow +51.9%
Power Equipmentorganic sales+10.1%