Last kr157.00 DKK
Change Today -1.50 / -0.95%
Volume 1.9K
IC On Other Exchanges
Symbol
Exchange
Copenhagen
Berlin
As of 3:33 AM 10/2/14 All times are local (Market data is delayed by at least 15 minutes).

ic companys a/s (IC) Snapshot

Open
kr158.00
Previous Close
kr158.50
Day High
kr158.50
Day Low
kr157.00
52 Week High
06/2/14 - kr195.00
52 Week Low
11/5/13 - kr137.92
Market Cap
2.7B
Average Volume 10 Days
8.4K
EPS TTM
kr9.66
Shares Outstanding
17.0M
EX-Date
09/25/14
P/E TM
16.3x
Dividend
kr3.00
Dividend Yield
5.67%
Current Stock Chart for IC COMPANYS A/S (IC)

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ic companys a/s (IC) Details

IC Companys A/S designs and sells clothes for men and women in the Nordic region, rest of Europe, and internationally. The company provides its products primarily under Tiger of Sweden, By Malene Birger, Peak Performance, Designers Remix, and Saint Tropez brand names. It offers its products through wholesale customers, franchise partners, concessions, e-commerce, and retail stores. The company sells its products through approximately 240 retail and franchise stores, and approximately 4,300 distributors in approximately 25 countries. IC Companys A/S is headquartered in Copenhagen, Denmark.

1,036 Employees
Last Reported Date: 08/21/14

ic companys a/s (IC) Top Compensated Officers

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Executives, Board Directors

ic companys a/s (IC) Key Developments

IC Companys A/S Approves Dividend for the Year Ended June 30, 2014; Approves Executive Changes

IC Companys A/S announced that at its AGM held on 24 September 2014, the shareholders approved the proposal to pay a dividend of DKK 3.00 per eligible share was adopted for the year ended June 30, 2014. The company announced that after the Annual General Meeting, the Board of Directors appointed Henrik Heideby as Chairman and Niels Martinsen and Anders Colding Friis as Deputy Chairmen. Per Bank resigned from the Board of Directors and Michael Hauge Sørensen was appointed new member of the Board of Directors.

IC Companys A/S Announces Executive Changes

IC Companys A/S announced that it has appointed Nicolas Warchalowski as the new CEO of Peak Performance. Nicolas takes over the position as CEO from Anders Cleemann who has chosen to leave Peak Performance and IC Companys. Nicolas comes from a position as CEO in the Swedish outdoor brand Haglofs where he has been for 5 years.

IC Companys A/S Recommends Dividend for the Year Ended June 30, 2014; Reports Audited Consolidated and Parent Earnings Results for the Year Ended June 30, 2014; Provides Consolidated Earnings Guidance Fiscal 2015

The board of directors of IC Companys A/S has resolved to recommend an ordinary dividend of DKK 3.00 per eligible share compared to DKK 2.00 per ordinary share a year ago, corresponding to a total dividend of DKK 49.3 million in respect of the year ended June 30, 2014 pursuant to the company's dividend policy. The company reported audited consolidated and parent earnings results for the year ended June 30, 2014. On consolidated basis, revenue from continuing operations amounted to DKK 2,563.4 million corresponding to an increase of 6% compared to DKK 2,423.7 million last year. Operating profit before depreciation and amortization (EBITDA) was DKK 283.2 million against DKK 254.9 million last year. Operating profit before depreciation and amortization adjusted for non-recurring costs was DKK 283.2 million against DKK 261.9 million last year. Operating profit (EBIT) was DKK 220.5 million against DKK 191.4 million last year. Profit for the year before tax was DKK 215.3 million against DKK 178.3 million last year. Profit for the year of continuing operations was DKK 159.7 million against DKK 138.2 million last year. Profit allocation to shareholders of the company was DKK 163.5 million against DKK 1.7 million last year. Cash flow from operating activities was DKK 263.6 million against DKK 232.1 million last year. Cash flow from investments in property, plant and equipment was DKK 77.3 million against DKK 58.2 million last year. Return on equity was 19.5% against 16.9% last year. Diluted earnings per share were DKK 9.9 against DKK 0.1 last year. Diluted cash flow per share was DKK 18.2 against DKK 14.2 last year. Revenue growth is primarily attributable to strong growth rates reported in Tiger of Sweden and By Malene Birger whereas revenue in Peak Performance remained unchanged. Revenue was negatively affected by foreign currency translation of DKK 59 million which is particularly attributable to the lower exchange rates of SEK and NOK which constitute the primary sales currencies of the Group brands. Consolidated cash flow from operating activities is primarily attributable to lower paid taxes. Diluted earnings per share of continuing operations were DKK 9.6 against DKK 8.3 last year. On parent basis, revenue was DKK 1,419.9 million against DKK 1,423.1 million last year. Operating loss was DKK 53.5 million against DKK 215.2 million last year. Profit before tax was DKK 123.5 million against loss before tax of DKK 56.6 million last year. Profit was DKK 143.5 million against loss of DKK 14.0 million last year. Total cash flow from operating activities was DKK 47.2 million against DKK 59.8 million last year. Investments in intangible assets were DKK 9.9 million against DKK 8.7 million last year. Investments in property, plant and equipment was DKK 4.8 million against DKK 7.9 million last year. The group’s Premium brands – in particular Tiger of Sweden and By Malene Birger - are expected to continue the positive development seen in fiscal 2014, and consequently, the total consolidated revenue is expected to be higher for fiscal 2015. All of the group’s Premium brands are expected to improve their EBIT for fiscal 2015. The non-core business is expected to maintain its profitability. However, the consolidated operating profit will be affected by the amount of capacity costs which until recently were paid by the Mid Market division. These capacity costs amount to approximately DKK 45 million. Considering that the group has undertaken to provide services to DK Company during a transition period of 6-12 months, these capacity costs will be reduced gradually during fiscal 2015 in order to not impact on fiscal 2016. Investments are expected to attain a level of 3% - 5% of revenue.

 

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IC

Industry Average

Valuation IC Industry Range
Price/Earnings 15.4x
Price/Sales 1.0x
Price/Book 3.0x
Price/Cash Flow 11.5x
TEV/Sales 0.8x
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