Lauritz.com Group A/S interim report January - June 2018
(WorldNews Denmark)

No. 25/2018 Copenhagen, 15 August 2018 EBITDA of DKK 43.3m (26.9m), an increase of 61 percent and the highest ever for the first 6 month period. Cost level reduced by 10 percent comparing like for like with last year, showing the way to a new leaner organization with ability to deliver strong earnings Core business Auction Turnover down by 4 percent YTD. Auction Turnover amounted to DKK 366.8m (432.8), corresponding to a decrease of 15 percent. In addition to the reduction in core business, 7.5 percent is due to lower Auction Turnover in Fine Art business in Sweden which was sold in Q1, 2 percent is due to the depreciation of the Swedish krone, and 1.5 percent is due to QXL. Average...