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DGAP-News: Joyou AG / Key word(s): Quarter Results Joyou AG continues along its path of growth in 2013

15.11.2013 / 08:26

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9M 2013 Report

Joyou AG continues along its path of growth in 2013

- Revenues increased to EUR 267.5 million, a growth of 8.7% compared to 2012

- EBIT grew from EUR 37.0 million to EUR 41.1 million, bringing EBIT margin up to 15.4 %

- International Sales increased strongly by 16.9% to EUR 26.4 million

Hamburg, November 15, 2013. Joyou AG, a leading bathroom solution supplier in China, achieved improved financial results in the third quarter of 2013. Despite the still difficult business environment, the group revenues growth momentum has improved. Revenues rose in the first nine months of 2013 to EUR 267.5 million, an increase of 8.7% in EUR terms or 8.5% in RMB terms. Sales abroad increased strongly by 16.9% to EUR 26.4 million, while the domestic sales grew by 7.9% to EUR 241.1 million.

Along with the positive sales development, Joyou managed to improve the operating profit margin. Due to tighter cost control, especially in regards to administrative, selling and distribution expenses, the operating profit (EBIT) rose to EUR 41.1 million (9M 2012: EUR 37.0 million).

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PRESS RELEASE: Joyou AG continues along its path of growth in 2013