IC Company’s Q1 revenues marginally up by 1 percent

REPORT_ Group revenue was 828 million Danish Krone (138.4 million dollars) in the first quarter of 2014/15, an increase of 1 percent or 3 percent in local currency compared to the same period last financial year. Revenue increased for all three premium brands by a total of 7 percent in local currency, which more than outweighed revenue decrease of 17 percent for the group’s non-core business. Gross margin was 55.2 percent, which is lower than that of the same period last financial year of 55.9 percent. Operating profit came to 141 million Danish Krone (23.5 million dollars), an increase of 3 million Danish Krone (0.5 million dollars) compared to the same period last financial year.