SinnerSchrader AG Reports Earnings Results for the Second Quarter and First Half Ended of February 28, 2017; Provides Earnings Guidance for the Full Year of 2017
For the first half ended of 28 February 2017, revenue added up to EUR 26.9 million. This was an increase in revenue over the first half of the 2015/2016 financial year of EUR 2.1 million, or 8.5%. Revenue for the preceding second half of the 2015/2016 financial year was exceeded by 2.1%. The EBITA reached almost EUR 2.3 million compared to the same period of the previous year, EBITA was up by EUR 0.9 million, or 66%. The net income of the company for the reporting period has improved by a similar rate of 65%, amounting to just under EUR 1.6 million or EUR 0.14 per share.
The company provided earnings guidance for the full year of 2017. For the full year, the company expects revenue of more than EUR 56 million, EBITA in the range of EUR 5.8 million to EUR 5.9 million and net income of at least EUR 4 million, or EUR 0.35 per share.