Toupargel Groupe SA Announces Consolidated Earnings Results for the Second Quarter and First Half Ended June 30, 2015; Provides Earnings Guidance for the Full Year 2015
Toupargel Groupe SA announced consolidated earnings results for the second quarter and first half ended June 30, 2015. For the first half, the company reported sales of 151.8 million against 148.9 million a year ago. Current operating loss was 0.4 million against 1.1 million a year ago. Operating loss was 0.4 million against 1.1 million a year ago. Group net loss was 0.2 million against 0.6 million a year ago. Loss per share was 0.02 against 0.06 a year ago. Cash flow was 3.2 million against 3.1 million a year ago. Cash flow per share was 0.31 against 0.30 a year ago. Net debt as of June 30, 2015 was 32.3 million against 22.7 as of December 31, 2014. Capital expenditure was 2.5 million against 5.0 million a year ago. Sales excluding Eismann were 133.9 million against 137.3 million a year ago.
For the quarter, the company reported sales of 72.4 million against 80.0 million a year ago. Sales excluding Eismann were 63.6 million against 68.4 million a year ago.
In light of the first-half figures, the management expects full-year sales at constant scope to be slightly down, confirming an improvement against 2014. Forecasted cash flow and a return to more typical capex levels (6 million) following a year of exceptional capex (14.5 million), in part related to the renewal of Eismann's vehicle fleet should lead to a significant reduction in debt.