Positive Q1 figures for Martin Pro

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positive q1 figures for martin pro

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15 May 2007: Martin Professional A/S has had a good start to 2007, maintaining the improvements that the company experienced in 2006. Martin increased revenue to DKK 274.5 million (approx. $49.9 million) in the first quarter of 2007, a Q1 record for the company, from DKK 227.5 million (approx. $41.4 million) in the first quarter of 2006, nearly a 21% increase.

Revenue increases were prevalent across all of Martin’s key markets with strong demand for both established products such as MAC 2000s and newer products such as the MAC 700 and MAC TW1. Profit before tax for the first quarter of 2007 was DKK 9.1 million (approx. $1.6 million), also a Q1 record, compared to a loss of DKK 3.0 million (approx. $.5 million) in the first quarter of 2006, which was better than expected.

Continued improvements in quality standards and supply capacity coupled with expected strong demand for a string of new products affirms expectations that the positive trend will continue the rest of the year. Martin expects to achieve 2007 revenue of approximately DKK 1.1 billion (approx. $200.0 million) with a profit before tax of approximately DKK 40 million (approx. $7.3 million) compared to earlier expectations of DKK 30 million.

Martin’s positive 2007 first quarter numbers come on the heels of record 2006 revenue numbers (DKK 1.03 billion or approx. $183 million) and substantial improvements in profit.

From: NIGHT Online

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