Aug 13 - EAC Group's consolidated revenue reached DKK 2.3bn up 16 per cent compared to H1 2007. Operating profi t grew by 14 per cent to DKK 264m based on strong performance by EAC Foods supported by solid results in the other two businesses.
The Group maintains the expectations of double-digit revenue growth both in local currencies and in DKK to around DKK 5.2bn (DKK 4.4bn).
The Group's consolidated operating profit (EBIT) excluding non-recurring items is expected to be around DKK 540m (DKK 594m) in line with the previous expectations.
EAC’s share of net income in associates is upgraded to DKK 30m (DKK 25m in previous outlook).
The Group’s consolidated profit before income tax expenses (EBT) is expected to be around DKK 490m.
Minority interests are expected to be around DKK 30m.
The Group’s expectations for the remainder of 2008 are based on an average DKK/USD exchange rate of 480.00 (in line with the previous outlook). The official foreign exchange rate in Venezuela is assumed unchanged at (VEF/USD 2.15) in the outlook.