Greiffenberger AG Reports Turnover Results for the Third Quarter and First Nine Months Ended Sep. 30, 2015; Revised Financial Forecast for 2015
For the nine months, turnover was 113.4 million against 113.8 million for the same period of last year.
The group is adjusting its financial forecast for 2015. Following a turnover of 152.2 million in 2014 and a previous lower end of 153 million forecast for 2015 expectations for the total annual turnover in 2015 now stand at around 150 million. In light of this adjustment to turnover and further overall expectations Marco v. Maltzan, who at the end of October was, pursuant to section 105, paragraph 2, sentence 1 of the German Stock Corporation Act, appointed by the supervisory board of the company to be sole member of the management board due to the illness of Stefan Greiffenberger, also adjusted the earnings forecast. The target now is to deliver a positive result for 2015 in terms of EBIT. In 2014 the company generated an EBIT of 2.4 million the lower end originally forecast for 2015 had been 3 million.