Alno AG Reports Group Turnover Results for the Third Quarter Ended September 2016 and Group Earnings Results for the Nine Months Ended September 2016; Provides Earnings Guidance for the Year 2016
Alno AG reported group turnover results for the third quarter ended September 2016 and earnings results for the nine months ended September 2016. Between January and September 2016, the group turned over 365.9 million against 348.2 million a year ago. Before deducting restructuring expenses, EBITDA improved in the nine-month period by 7.6% to 11.7 million against 12.6 million a year ago, after deducting restructuring expenses from 2016 of 15.2 million against 12.6 million a year ago. The year-on-year comparisons are based on figures adjusted for Impuls, i.e. the subsidiary sold in mid-2015 was factored out of the equation to permit a true comparison.
For the quarter, the group turned over 122.5 million against 119.9 million a year ago.
The company confirmed outlook and expecting a sharp rise in turnover and EBITDA for 2016.