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Fenghua SoleTech AG

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FGT

DE000A13SX89

Fenghua SoleTech AG Announces Earnings Results for the First Quarter of 2015; Provides Earnings Guidance for the Fiscal 2015 and 2016

April 26, 2016

Fenghua SoleTech AG announced earnings results for the first quarter of 2015. For the quarter, the company reported the revenue increased by 26.2% to €24,329,000 against €19,281,000 a year ago. EBIT increased by 7% to €6,092,000 in the first three months of 2015 against €5,688,000 a year ago. The net profit recorded an increase of 5.3% to €4,494,000 compared to the first quarter of 2014 of €4,265,000.

The management board expects for the full year 2015 to generate revenues in a range of €80 to 100 million. EBIT margin is expected to come in between 25% and 30%.

For 2016 a similar financial development is expected.

Latest news about Fenghua SoleTech AG

Fenghua SoleTech AG Announces Earnings Results for the First Quarter of 2015; Provides Earnings Guidance for the Fiscal 2015 and 2016	16-04-26	CI
Fenghua SoleTech AG Announces Executive Changes	16-01-11	CI
6,750,000 shares of Fenghua Soletech AG's Ordinary Bearer Shares are subject to a Lock-Up Agreement Ending on 6-NOV-2015.	15-11-05	CI
Fenghua SoleTech AG Appoints Su Chun Keat as New Member of the Supervisory Board	15-07-17	CI
Fenghua SoleTech AG Announces Preliminary Unaudited Earnings Results for the Year 2014	15-06-11	CI
Fenghua SoleTech AG Announces Interim Management Statement Results for the First Nine Months of 2014; Provides Earnings Guidance for the Full Year 2014	14-11-19	CI
Fenghua Soletech AG has completed an IPO in the amount of €0.56 million.	14-10-24	CI
Fenghua Soletech AG has filed an IPO in the amount of €14.40 million.	14-10-10	CI

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Company Profile

Fenghua Soletech AG is a Germany-based company engaged in the footwear industry. It produces shoe soles for adults sport shoes. The Company's product portfolio includes performance, leisure and casual sports shoes soles. Its product portfolio is divided into three areas: EVA sports shoe soles, including soles made out of ethylene vinyl acetate (EVA) as well as EVA upper sole combined with a lower sole and other components, among others; Rubber shoe soles, containing shoe soles like rubber only soles for skateboarding, leisure and casual shoes; and Components of soles, entailing materials and components such as pellets for the manufacturing of EVA soles, among others. Fenghua Soletech AG's production facilities are located in Quanzhou province, in China.

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