In the first half of 2019, the Trifork Group achieved total revenue of EURm 52.5, which is in line with the targets. This is an increase of EURm 14.4 compared to the same period in 2018 and represents a 38.0% growth
The growth in revenue was almost equally divided between organic growth and growth from acquisitions. Out of the 38% total growth, 21% came from organic growth and 17% came from acquisitions completed in 2018
For the first half of 2019, EBITDA for the Group totaled EURm 9.7 corresponding to a growth of 89.8% and an EBITDA margin of 18.5%, compared to 13.5% in the first half of 2018, where EURm 5.1 was achieved. In the first half of 2019 there was a one-off positive impact of EURm 3.1 on EBITDA as a result of a deconsolidation of one of our subsidiaries
Financial outlook for 2019
Trifork targets total revenue of EURm 100 in 2019, corresponding to at growth of 14% compared to 2018.
The EBITDA target is EURm 15.5, corresponding to an EBITDA-margin of 15.5% and a 53% increase of EBITDA compared to 2018.
Financial results for 2018
Trifork achieved total revenue of EURm 87.8, corresponding to growth of 34% compared to 2017 where EURm 65.6 was achieved.
EBITDA for 2018 totalled EURm 10.1 corresponding to an EBITDA-margin of 11.5% and an increase of 34% compared to 2017 where EURm 7.5 was achieved.
EBIT for the period totalled EURm 6.1 corresponding to an EBIT-margin of 7.0%. This was an increase of 54% compared to 2017 where EURm 4.0 was achieved.
EBT (Profit before tax) amounted to EURm 16.0, which was an increase of 7% compared to 2017, where EURm 15.0 was achieved.
Net profit for the period was EURm 14.8, which was an increase of 7%% compared to 2017, where EURm 13.7 was achieved.