east asiatic co ltd (EAC:Copenhagen)
east asiatic co ltd (EAC) Snapshot
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Open
kr96.00
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Previous Close
kr95.00
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Day High
kr96.00
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Day Low
kr94.50
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52 Week High
08/16/12 - kr151.00
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52 Week Low
02/21/13 - kr87.50
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Market Cap
1.2B
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Average Volume 10 Days
50.9K
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EPS TTM
kr-21.76
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Shares Outstanding
12.3M
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EX-Date
03/22/13
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P/E TM
--
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Dividend
--
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Dividend Yield
--
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Related News
east asiatic co ltd (EAC) Related Businessweek News
No Related Businessweek News Foundeast asiatic co ltd (EAC) Details
A/S Det Østasiatiske Kompagni, through its subsidiaries, engages in food processing, and moving and relocation service businesses. The company manufactures and sells processed and cured meats, and fresh sausages under the Plumrose, Oscar Mayer, and Montserratina brand names in Venezuela. Its activities comprise feedstuff production, pig farming, slaughtering, meat processing, marketing, sales, and nationwide chilled distribution. The company also offers a series of other owned and licensed brands that cover products for every eating occasion, including hams, chicken and turkey products, wiener sausages, canned products, pre-sliced bacons, and Christmas products. In addition, it provides moving, relocation, records management, Visa and immigration, and real estate services under the Santa Fe, WridgWays, and Interdean brand names to corporate and private customers in 50 countries in Asia, Australia, the Middle East, and Europe, as well as through a network of trading partners in the rest of the world. A/S Det Østasiatiske Kompagni was founded in 1897 and is headquartered in Copenhagen, Denmark.
east asiatic co ltd (EAC) Key Developments
A/S Det Østasiatiske Kompagni reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of DKK 1,937 million, EBITDA of DKK 45 million, operating loss of DKK 11 million and net loss attributable to equity holders of the parent of DKK 321 million or DKK 26.7 per diluted share compared to revenue of DKK 1,634 million, EBITDA of DKK 99 million, operating profit of DKK 47 million and net loss attributable to equity holders of the parent of DKK 14 million or DKK 1.2 per diluted share reported in the same period last year. Loss before income tax expense was DKK 282 million against profit before income tax expense of DKK 17 million reported last year. The reported revenue increase was, apart from the currency impact, mainly related to price increases in Plumrose driven by an accelerating high inflation in Venezuela combined with a high demand for the Plumrose products in the quarter. Net cash used in operating activities was DKK 52 million against net cash flow from operating activities of DKK 232 million and investments in intangible assets and property, plant and equipment was DKK 68 million against DKK 128 million reported last year. Negative return on parent equity was 47.4% against 2.1% reported last year. Revised consolidated revenue for the EAC Group is expected at around DKK 8.7 billion (in line with the previous outlook). The EBITDA margin is expected to be around 3.5% (in line with the previous outlook). The Group outlook is based on a DKK/USD exchange rate of 560.00 for the remainder of 2013 (in line with the previous outlook).
Santa fe Group reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. In the quarter, the company achieved revenue of DKK 568 million compared to DKK 571 million reported in the same period last year. Operating loss was DKK 4 million against operating profit of DKK 16 million reported last year. Loss before income tax expense was DKK 20 million against profit before income tax expense of DKK 8 million and net loss was DKK 20 million against net profit of DKK 8 million reported last year. Investments in intangible assets and property, plant and equipment were DKK 14 million against DKK 21 million reported last year. EBITDA in the Santa Fe Group of DKK 7m (DKK 26m) was negatively affected by the continuing depressed long-distance domestic market in Australia affecting the first quarter peak-season combined with low-season in Europe and Asia. Consequently, the EBITDA margin decreased to 1.2 For the fiscal 2013, the company expects revenue around DKK 2,600 million and EBITDA margin is expected to be 6.5%.
A/S Det Østasiatiske Kompagni approved that Henning Kruse Petersen was elected as Chairman and Preben Sunke as Deputy Chairman.
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| EAC:DC | kr94.50 DKK | -0.50 | |
| Company | Last | Change | |
| No competitor information is available for EAC. | |||
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Industry Analysis
EAC
Industry Average
| Valuation | EAC | Industry Range |
| Price/Earnings | 7.9x |
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| Price/Sales | 0.1x |
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| Price/Book | 0.4x |
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| Price/Cash Flow | 8.1x |
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| TEV/Sales | NM | Not Meaningful |
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To contact EAST ASIATIC CO LTD, please visit www.eac.dk. Company data is provided by Capital IQ. Please use this form to report any data issues.
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