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Sales of Jeld-Wen increased only through acquisitions

13.05.2019 − 

The US window and door group Jeld-Wen increased its sales in the first quarter by 6.8% to US$1.011bn. As in previous quarters, this growth was primarily due to acquisition effects. Due to the companies newly acquired in the course of the last few months, sales increased by around 12%. On the other hand, unfavourable exchange rate effects impacted sales by -4 %. Core growth, which results from the development of prices, sales volumes and the product mix, had a sales effect of -1 %.

There were different developments in earnings at Group level in the reporting period. Operating income improved by 8.3 % to US$ 41.4m. Adjusted EBITDA before special items increased by 3.2 % to US$ 90.6m. In contrast, earnings before taxes decreased by 24.3 % to US$ 26.9m. Net income also decreased significantly to US$16.6m.

The "North America" division generated sales of US$565.8m, an increase of 13.6%. Adjusted EBITDA increased by 13.8 % to US$ 53.5m. In Europe, net sales decreased by -0.6 % to US$ 300.0m and Adjusted EBITDA decreased by -16.7 % to US$ 28.2m. The "Australasia" division also reported declining figures. Sales in this division decreased by -0.9% to US$ 145.2m and Adjusted EBITDA decreased by -1.9% to US$ 16.4m.

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