Staples Solutions Express B.V.
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Publicatie datum
03 mei 2006 - 07:32
Statutaire naam
Staples Solutions Express B.V.
Titel
Buhrmann 1st quarter performance continues trend of strong sales growth
Bericht
BUHRMANN 1ST QUARTER PERFORMANCE CONTINUES TREND OF STRONG SALES GROWTH
Strong organic sales growth (+8%) with contributions from all businesses
EPS up 36% to EUR 0.19, excluding special items1 and fair value changes
Operating result improves 18% at constant rates to EUR 72.5 million, excluding special items
Operating result of EUR 48.1 million includes costs for streamlining of North American and European operations for EUR 21.2 million and EUR 3.1 million respectively
Net result improves to EUR 24.5 million; EPS increases to EUR 0.14
FINANCIAL HIGHLIGHTS
Amounts in EUR million Q1 2006 Q1 2005 D in EUR D at constant rates
Net sales 1,533.8 1,318.2 16.4% 9.4%
Gross contribution 472.5 414.1 14.1% 7.2%
Operating result 48.1 56.7 (15.1%) (21.9%)
Net result 24.5 (77.7)
Net result per ordinary share (EPS)(in euro) 0.14 (0.53)
CEO’S STATEMENT
Commenting on the first quarter 2006 results, Frans Koffrie, Buhrmann President and CEO, said: ‘Our first quarter performance reflects a good start to 2006 and is fully in line with our expectations. Our businesses delivered profitable sales growth, which was driven by our success in selling an increasingly wide selection of products to our customer base. The rate of profit growth is about double the rate of sales growth. Significant steps were taken during the quarter that we believe will help drive strong earnings momentum in the latter part of 2006 and beyond.’
‘The current macroeconomic trends support our positive stance about our prospects for continued sales growth in 2006. Although gross contribution could be affected by inflationary increases, particularly in paper based product categories in North America, we are committed to offset this to a large extent by cost management following the streamlining of our North American operations, and by continued growth in private label sales. Assuming general market trends continue, our strategy, business dynamics and further streamlining should allow us to achieve ou
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Datum laatste update: 19 februari 2025