Altech Advanced Materials AG
Youbisheng Green Paper AG: On-going stable business development in the first quarter of 2014
DGAP-News: Youbisheng Green Paper AG / Key word(s): Quarter Results 28.05.2014 / 08:29 --------------------------------------------------------------------- Youbisheng Green Paper AG: On-going stable business development in the first quarter of 2014 Hamburg, 28 May 2014. Youbisheng Green Paper AG, a Chinese manufacturer of eco-friendly linerboard, reports an improved gross profit margin in the first quarter of 2014 with slightly lower revenues. This development was a result of full capacity utilisation and the decline of the prices for wood pulp and recycled paper, Youbisheng's main raw materials for its linerboard production. Correspondingly, both the company's selling prices for linerboard products and the costs of goods sold decreased. Revenues and the operating profit EBIT for the full financial year 2014 are expected to be in line with the forecast stated in the annual report 2013. Revenues reached 21.4 million Euros in the first three months of 2014 (Q1 2013: 22.0 million Euros). The decline in revenues triggered a slight decrease of the company's gross profit by 1.7 per cent to 5.9 million Euros (Q1 2013: 6.0 million Euros). The gross profit margin however increased by 0.4 percentage points to 27.4 per cent (Q1 2013: 27.0 per cent) due to lower costs for recycled paper and the company's continued promotion of its higher margin and value added products - double sided testliner and anti-counterfeit testliner. The EBIT margin remained relatively stable at the high level of 24.8 per cent (Q1 2013: 24.9 per cent). Ultimately, the lower revenues resulted in a decline of the net profit in the reporting period of 4.8 per cent to 3.9 million Euros (Q1 2013: 4.1 million Euros). Nevertheless, cash flow from operations improved by 3.3 per cent in the first three months of 2014 bringing the company's cash position to 37.7 million Euros as of 31 March 2014 (31 December 2013: 33.4 million Euros). This represents 3.69 Euros per share. In total, the company reports the following revenues for the respective product segments: Sales of own-produced single-sided testliner decreased to 8.5 million Euros (Q1 2013: 9.5 million Euros) representing a decrease of 10.2 per cent. Sales of own-produced double-sided testliner increased to 5.5 million Euros (Q1 2012: 5.1 million Euros) representing an increase of 9.5 per cent. Sales of anti-counterfeit testliner increased significantly by 71.0 per cent to 0.96 million Euros (Q1 2013: 0.56 million Euros), while revenues from sub-contracted single-sided testliner recorded a slight decline by 6.7 per cent to 6.4 million Euros (Q1 2013: 6.8 million Euros). China's market for packaging material is expected to grow between 12 and 14 per cent annually leading to an increased demand for Youbisheng's linerboard products. In order to meet this rising demand, the company will further work on the realization of its planned new production line in the Hubei Province in China. To ensure sufficient financial resources for the construction of the new plant, Youbisheng has already extensively explored the opportunity of a bond placement. However, due to the current adverse market conditions towards Chinese listed companies in Germany the bond placement has been postponed. Nevertheless, Youbisheng will further invest resources generated from operations in the development of the new production facility. For the full financial year 2014, the management of Youbisheng Green Paper expects revenues to be around 95.0 million Euros and the EBIT margin to be at least 22.0 per cent and therefore to be in line with the forecast stated in the annual report 2013. The full Q1 2014 report of Youbisheng Green Paper AG is available on the company's website under: http://www.youbisheng-greenpaper.de/en/investor-relations/publications.htm l. About Youbisheng Green Paper AG Youbisheng Green Paper AG is the German holding company of a Chinese clean-tech leader of eco-friendly produced linerboard from up to 100 per cent recovered fibres. The high-quality linerboard innovations of Youbisheng take up a special position in the Chinese market and are produced in the own production plant near Quanzhou City. They are used in the packaging industry in the Fujian and Guangdong Province (together about 145 million inhabitants), especially for visually attractive sales packaging and carrier bags of high-quality consumer goods. Youbisheng has been operating as a paper producer since 2000. In fiscal year 2013 and with its production plants operating at full capacity, it manufactured about 150,000 metric tons of linerboard, making it one of the biggest linerboard producers in Fujian and Guangdong Provinces. For further Information please contact: Kirchhoff Consult AG Sebastian Bucher Tel.: +49 (0)40 60 91 86 34 sebastian.bucher@kirchhoff.de Youbisheng Green Paper AG c/o HRG Hansische Revisions-Gesellschaft mbH Wirtschaftsprüfungsgesellschaft Ferdinandstrasse 25 20095 Hamburg contact@youbisheng-greenpaper.de End of Corporate News --------------------------------------------------------------------- 28.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Youbisheng Green Paper AG Anna-Schneider-Steig 22 50678 Köln Germany Phone: +49 (0)40 60 91 86 0 Fax: +49 (0)40 60 91 86 60 E-mail: ir@youbisheng-greenpaper.de Internet: www.youbisheng-greenpaper.de ISIN: DE000A1KRLR0 WKN: A1KRLR Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf End of News DGAP News-Service --------------------------------------------------------------------- 270845 28.05.2014
Aktuelle News
Aktuelle Berichte
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden