Results outline on the first half of 2015
30 July 2015
Reig Jofre closed the first half of the year with growth in all its economic indicators.
- Reig Jofre closed the first half of 2015 with sales of 81.5 M€ (+2.6%), EBITDA of 10.6 M€ (+5.5%) and net profit of 7.2 M€ (+16.6%).
- Non linear evolution of quarterly results throughout the year due to seasonality of part of the business. Compared to H1 2015 results, Reig Jofre expects to close the year with a total growth in EBITDA of around 15%.
- Debt repayment of 6.1 M€ in the first six months, with net financial debt at 10.5 M€, below one time EBITDA.
- The profitability increase and the subsequent generation of free cash flow estimated for 2015 will enable the company to continue accelerating its organic and non-organic growth plan for the coming years.
- Reig Jofre will conduct a reverse split in September with exchange ratio of 1×20, to increase the share stability, as agreed in its last Shareholders’ General Meeting.