IC Group reports 9.2 percent revenue decline in FY2017/18

IC Group has reported 9.2 percent revenue decline measured in local currency from the Group's continuing operations to 1,535 million Danish krone (240.4 million dollars) for the fiscal year 2017/18. The company said, gross margin was 1 percentage point higher than last financial year. The operating profit (EBIT) amounted to 57 million Danish krone (8.9 million dollars) compared to 24 million Danish krone (3.7 million dollars) corresponding to an EBIT margin of 3.7 percent compared to 1.4 percent last year.