Empower Group records strong performance in the second quarter of 2017

fre 1 sep 2017 15:25:00

Q2 2017 Highlights

Group Key Figures

EUR million

4-6/17

4-6/16

1-6/17

1-6/16

Revenue 59,1 64,3 109 115
EBITDA 3,4 5 4,8 7,6
EBITDA-% 5,8% 7,7% 4,4% 6,6%


Revenue

Empower Group’s revenue in the second quarter of 2017was 59,1 EUR million (64,3). January-June cumulative revenue was 109 EUR million (115). Recovery of the Finnish economy was reflected in the strengthening demand and order backlog in Empower’s all business sectors. Empower’s Industry and Information Management sectors recorded a strong revenue growth already in Q2. Power and Telecom Network sectors recorded a significant increase in order backlog during the second quarter.

EBITDA

Empower Group´s EBITDA in the second quarter of 2017 was 3,4 EUR million corresponding to 5,8% margin (5 EUR million, 7,7%). Cumulative EBITDA January-June was 4,8 EUR million and reflected 4,4% margin (7,6 EUR million, 6,6%). Power network sector had some large projects in the beginning of 2016, which contributed notably on the comparison period EBITDA. Moreover the frosty conditions and licensing processes delayed some construction projects and outdoor installations and affected to Power and Telecom Network sectors in spring in 2017. Industry and Information Management sectors reported a strong result throughout the second quarter.

Future

Due the strong order backlog in all Empower’s business sectors and favorable market development expectations Empower’s outlooks for fall of 2017 and towards year 2018 are positive. The market growth trend in the Finnish economy is expected to further contribute to Empower's business.