EAC's Preliminary Statement of Annual Results 2007 - Announcement number 1/2008

2/28/2008, 11:30 AM (Source: GlobeNewswire)
Financial Performance in 2007 EAC Group's consolidated revenue reached DKK 4.4bn, up 23 per cent in DKK compared to 2006. Operating profit grew by 93 per cent to DKK 603m based on outstanding performance by EAC Foods supported by strong results in the two other businesses. Outlook for 2008 The Group expects double-digit revenue growth both in local currencies and in DKK to around DKK 5.2bn (DKK 4.4bn). The Group consolidated operating profit (EBIT) excluding non-recurring items is expected to be around DKK 540m (DKK 603m). The reduction is a reflection of USD/DKK exchange rate changes and significantly increased advertising and promotion costs in EAC Foods related to new product launches. Dividend The Supervisory Board will propose to the Annual General Meeting a dividend of DKK 10.00 per share. Yours sincerely, The East Asiatic Company Ltd. A/S (A/S Det Østasiatiske Kompagni)
Financial Performance in 2007
EAC Group's consolidated revenue reached DKK 4.4bn, up 23 per cent in
DKK compared to 2006. Operating profit grew by 93 per cent to DKK
603m based on outstanding performance by EAC Foods supported by
strong results in the two other businesses.

Outlook for 2008
The Group expects double-digit revenue growth both in local
currencies and in DKK to around DKK 5.2bn (DKK 4.4bn). The Group
consolidated operating profit (EBIT) excluding non-recurring items is
expected to be around DKK 540m (DKK 603m). The reduction is a
reflection of USD/DKK exchange rate changes and significantly
increased advertising and promotion costs in EAC Foods related to new
product launches.
Dividend
The Supervisory Board will propose to the Annual General Meeting a
dividend of DKK 10.00 per share.

Yours sincerely,

The East Asiatic Company Ltd. A/S
(A/S Det Østasiatiske Kompagni)




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