Press release: LOGSTOR continued to deliver on its turnaround plan in 2015
LOGSTOR continued to deliver on its turnaround plan in 2015, increasing operating results, strengthening the balance sheet and delivering strong cash flow.
LOGSTOR maintained the group’s market share and generated revenue of DKK 1,674 million in 2015 (DKK 1,798 million) following a period of lower sector investments and market activity, a temporary shortage of raw material (polyethylene) for producing pre-insulated pipes and sharpening of LOGSTOR’s focus on profitability. Despite the decline in revenue, EBITDA was maintained at DKK 121 million (DKK 120 million), entailing an increase in the EBITDA margin to 7.2% (6.7%) as results from LOGSTOR’s transformation program materialised.
To read the complete press release click here.