Hawesko Holding AG Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for 2014
For the full fiscal year 2014, the board anticipates an increase in sales in the order of magnitude of 1 to 2% compared to the previous year (EUR 465 million), despite structurally negative effects on sales totaling EUR 13 million. A proportionately higher increase in EBIT to EUR 27 to EUR 28 million is forecast for 2014 (previous year: EUR 22.6 million). Even though a lower financial result is anticipated, consolidated net income is expected to be in the range of EUR 17 million. The management board expects free cash flow to be on the order of EUR 17 to EUR 22 million for 2014.