- Shaftesbury 642.00 0.00
LBi International net sales rise
Thursday, 26th April 2012
LBi International's first quarter net sales rose by 27.8% - 25.3% at constant currencies - in the three months to the end of March.Adjusted earnings before interest, tax, depreciation and amortisation rose by 25.3% - 22.7% at constant rates - to â?¬9.4m but margins slipped to 16.2% from 16.5%.
Net income was marginally lower at â?¬4.5m against â?¬4.6m a year ago, the 2011 figure benefiting from a one-off contingent consideration release of â?¬1.8m.
Chief executive Luke Taylor said: "We are broadly pleased with progress made in Q1.
"The growth recorded across the US, UK and Nordic regions remains particularly strong."
Story provided by StockMarketWire.com
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