October 25, 2014 7:19 AM ET

Trading Companies and Distributors

Company Overview of Brødrene A. & O. Johansen A/S

Company Overview

Brødrene A & O Johansen A/S, together with its subsidiaries, is engaged in the trading of technical installation materials for the professional and do it yourself (DIY) markets in Denmark, Sweden, and Estonia. The company offers heating, plumbing, and sanitary ware products; electrical equipment and components; water supply and drainage products; and tools, including logistics tools for new building work and repair, renovation, and maintenance. It serves plumbers, electricians, building contractors, sewer contractors, construction companies, municipalities, utilities, and public institutions, as well as retailers, DIY centers, and specialized stores. The company operates 49 outlets in Denmar...

Rørvang 3

Albertslund,  2620

Denmark

Founded in 1914

650 Employees

Phone:

45 70 28 00 00

Fax:

45 70 28 01 01

Key Executives for Brødrene A. & O. Johansen A/S

Brødrene A. & O. Johansen A/S does not have any Key Executives recorded.

Brødrene A. & O. Johansen A/S Key Developments

Brødrene A. & O. Johansen A/S Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Year 2014

Brødrene A. & O. Johansen A/S reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company’s revenue was DKK 534,612,000 against DKK 592,994,000 a year ago. Operating profit was DKK 19,426,000 against DKK 34,622,000 a year ago. Profit before tax was DKK 18,718,000 against DKK 34,302,000 a year ago. Net profit for the period was DKK 14,074,000 or DKK 28 diluted per share against DKK 29,851,000 or DKK 55 basic and diluted per share a year ago. Return on equity was 1.6% against 3.8% a year ago. For the six months, the company’s revenue was DKK 1,076,352,000 against DKK 1,116,274,000 a year ago. Operating profit was DKK 36,712,000 against DKK 55,903,000 a year ago. Profit before tax was DKK 35,257,000 against DKK 55,158,000 a year ago. Net profit for the period was DKK 26,302,000 or DKK 53 diluted per share against DKK 45,494,000 or DKK 83 basic and diluted per share a year ago. Cash flow from operating activities was DKK 58,723,000 against DKK 75,746,000 a year ago. Cash flow from investing activities Software was DKK 8,195,000 against DKK 8,916,000 a year ago. Cash flow from investing activities land and buildings was DKK 64,237,000 against DKK 10,745,000 a year ago. Cash flow from investing activities fixtures and operating equipment was DKK 10,001,000 against DKK 14,345,000 a year ago. The decline in revenue is mainly attributable to a weak market and deliberate rejections of loss-making project orders. Return on equity was 3.0% against 5.8% a year ago. For 2014, the company's profit before tax is expected to be approximately DKK 75 million to 100 million.

Brødrene A. & O. Johansen A/S Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Revises Earnings Guidance for the Year of 2014

Brødrene A. & O. Johansen A/S reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net profit of DKK 12.2 million or DKK 24 per diluted share on revenue of DKK 541.7 million compared to net profit of DKK 15.6 million or DKK 31 per diluted share on revenue of DKK 523.3 million a year ago. Operating profit was DKK 17.3 million compared to DKK 21.3 million a year ago. Profit before tax was DKK 16.5 million compared to DKK 20.9 million a year ago. Cash flow from operating activities was DKK 21.4 million compared to DKK 48.2 million a year ago. Fixtures and operating equipment was DKK 6.817 million compared to DKK 9.345 million a year ago. Software was DKK 3.160 million compared to DKK 2.082 million a year ago. Leasehold improvements were DKK 0.170 million against DKK 3.413 million a year ago. Return on capital employed was 1.2% against 1.6% a year ago. Return on equity as on March 31, 2014 was 1.4% compared to 2.0% as of March 31, 2013. Book value as on March 31, 2014 was DKK 1,536 million compared to DKK 1,374 million as of March 31, 2013. The company announced that pre-tax profit for 2014 are downgraded from approximately DKK 125 million, as previously announced, to approximately DKK 75 million to 100 million.

Brødrene A. & O. Johansen A/S Proposes Changes to Articles of Association

Brødrene A. & O. Johansen A/S board of directors proposed in the AGM to be held on March 21, 2014, to delete from the Articles of Association the last sentence in Article 8, paragraph 4, regarding proxy forms for use at the General Meeting as a consequence of an amendment to the Danish Companies Act which came into effect on 1 January 2014.

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