IC Group A/S reported consolidated and parent company earnings results for the year ended June 30, 2018. For the year, on consolidated basis, the company's revenue was DKK 1,535 million against DKK 1,714 million a year ago. Operating profit before depreciation and amortization (EBITDA) was DKK 115 million against DKK 86 million a year ago. Operating profit (EBIT) was DKK 57 million against DKK 24 million a year ago. Profit before tax was DKK 47 million against DKK 21 million a year ago. Profit for the year of continuing operations was DKK 36 million against DKK 16 million a year ago. Profit for the year was DKK 1,606 million against DKK 92 million a year ago. Diluted earnings per share were DKK 96.3 against DKK 5.3 a year ago. Diluted earnings per share of continuing operations were DKK 2.0 against DKK 0.8 a year ago. Cash flow from operating activities was DKK 319 million against DKK 239 million a year ago. Total cash flow from operating activities was DKK 277 million against DKK 175 million a year ago. Investments in property, plant and equipment was DKK 53 million against DKK 72 million a year ago. Investments in intangible assets were DKK 8 million against DKK 17 million a year ago. Return on equity was 2.3% against 12.2% a year ago.

For the year, on parent company basis, the company's revenue was DKK 933 million against DKK 1,126 million a year ago. Operating profit before depreciation and amortization (EBITDA) was DKK 44 million against DKK 4 million a year ago. Operating profit (EBIT) was DKK 26 million against LBIT of DKK 17 million a year ago. Profit before tax was DKK 1,233 million against DKK 246 million a year ago. Profit for the year was DKK 1,233 million against DKK 240 million a year ago. Total cash flow from operating activities was DKK 27 million against cash out flow from operating activities of DKK 198 million a year ago. Investments in property, plant and equipment was DKK 16 million against DKK 6 million a year ago. Investments in intangible assets were DKK 1 million against DKK 1 million a year ago.

For the financial year 2019, a flat revenue development for the remaining brands in total, measured in local currency, is expected. The EBIT margin is expected to be realized at a level of 0 to 1% prior to the above-mentioned non- recurring costs.