• Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups
 

Talk Finance

£$$€№₮IAL €¢¤₦¤MI¢ №€₩$
  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

Talk Finance

  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

In Money Matters

Hunter Douglas profits rose in H1 2021, ownership structure ideas are around

10th August 2021 Helen Rush

Hunter Douglas profits rose in H1 2021, ownership structure ideas are around Pin It

Hunter Douglas saw results rise sharply in the first half of 2021, with the second quarter even better than the first three months, compared to the same period a year earlier. This appeared on Tuesday from a quarterly update of the manufacturer of blinds.

Revenue in the first six months of this year increased by almost 44 percent year-on-year to $ 2.24 billion. That revenue growth was 40 percent due to higher volumes. Currency effects also contributed 4%. In the second quarter, sales growth was almost 65 percent.

All regions contributed to higher turnover in the first six months. Relatively, Latin America performed the worst, with sales growth of 23 percent.

The EBITDA rose much faster in the last six months, from 164.5 million to 436 million dollars. Net profit almost tenfold, from $ 28.5 million to $ 262.5 million.

Thanks to these growth rates, Hunter Douglas ‘ operating cash flow rose from just under $ 60 million to $ 201 million.

The outlook is positive, according to Hunter Douglas,

“but there are uncertainties about when consumer discretionary spending patterns will normalize, the development of COVID-19, and the impact of inflation on interest rates and economies,” the manufacturer warned.

A concrete outlook was not issued.

Founder Ralph Sonnenberg is currently trying to completely buyback Hunter Douglas. However, its bid of € 82.00 per share is still insufficient to secure 95 percent of the shares, which is necessary to start a smoking process on Euronext, the stock exchange company has already confirmed.

Hunter Douglas, on the other hand, is of the opinion that a smoke-out procedure can be initiated, because Sonnenberg owns more than the 90 percent of the shares mentioned in the articles of association. According to the rules in Curaçao, where Hunter Douglas is based, this gives room to start such a procedure.

“Absolutely, no doubt,” said Hunter Douglas CFO Leen Reijtenbagh in a comment at the time. But, Reijtenbagh added,” It doesn’t matter, because there is currently no intention to start a smoking procedure”.

On June 18, Sonnenberg owned 87.84 percent of the shares. Including preference shares, the founder was 93.59 percent. The major shareholder then confirmed that he would not initiate a smoke-out procedure.

The Hunter Douglas stock closed on Monday at 90.30 euros. That’s well above Sonnenberg’s offer.

Share

No Comments

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post

Alibaba investigates a possible…

In IT, Innovation and Startups

Alibaba investigates a possible sexual harassment case

View Post

Next Post

HelloFresh revenues are increasing, but…

In Money Matters

HelloFresh revenues are increasing, but the margins go in opposite direction

View Post

In Money Matters

Tesco says Brits are buying less and downtrading to manage inflation

View Post

In IT, Innovation and Startups

Small business is obliged to hire ‘a data protection officer’

View Post

In IT, Innovation and Startups

Moderna gets permit for a mRNA plant in the UK

View Post

In Money Matters

British consumer confidence at the historically lowest point

View Post

Newsletter

Latest News

View

British consumer confidence at the historically lowest point

24th June 2022

View

Moderna gets permit for a mRNA plant in the UK

23rd June 2022

View

Tesco says Brits are buying less and downtrading to manage inflation

20th June 2022

View

Small business is obliged to hire ‘a data protection officer’

20th June 2022

In Domestic Affairs

Crisis at P&O Ferries could affect independent UK retailers

View Post

In Domestic Affairs

Authorities seize one of P&O Ferries ships

View Post

Bulat Utemuratov owns an entire garage of sport cars.

In Foreign Affairs

The Great Hunt for the Nazarbayev assets has just begun

View Post

The former president of Kazakhstan N. Nazarbayev (L) and Aslan Musin (R)

In Foreign Affairs

Aslan Musin, an elusive kleptocrat from Kazakhstan, provided falsified records to obtain EU citizenship

View Post

Allow us to introduce ourselves

Talk-Finance.co.uk, the analytic media. We are focused on the fresh business, M&A and financial data. We pay attention to the interesting new projects and startups while not letting the whole picture to let unnoticed.

  • Investing.com

Sign Up for Our Newsletter

Our friendly crew

  • Chris Kimble, the managing Editor
  • Matthew Weller, webmaster&technical stuff
  • Charles Sizemore, author
  • David Stevenson, author
  • Helen Rush, author

Contact us by [email protected]

© 2019 Talk Finance - All Rights Reserved. [email protected]