JENSEN-GROUP reports high activity during first quarter

Trading update 1st quarter 2016

Revenue during Q1 was 79.9 million euro, 7.8% higher compared to the same period in 2015.

The order backlog at the end of March 2016 was 17.6% higher than at the end of March 2015. Taking into account the equipment already produced by the end of the first quarter, the production backlog is 32% higher than last year. Management estimates that approximately 15% of this backlog relates to sales in 2017 and later.

Based on the above, JENSEN-GROUP expects a first half-year revenue to be in line with last year. The intense competition on large projects and costs associated with the investments in capacity expansion, new products and the sales force will impact our profitability. As in previous years, the Group does not provide full year guidance. The most important risk factors remain rapid changes in demand, availability of financing to our customers, high exchange rate volatility and fluctuating raw material, energy and transport prices.