SinnerSchrader AG announced earnings results for the first quarter ended November 30, 2015. For the quarter, the group generated net revenue of EUR 12.8 million, an operating result of a good EUR 0.8 million and net income of almost EUR 0.6 million. While the increase in revenue appears to be limited at EUR 0.4 million or 3.3% over that of the previous year, the EBITA and net income were trebled and quadrupled, respectively, in comparison to the figures for the first quarter of 2014/2015. The comparatively low growth in the quarter of the report is mainly due to the decision taken in June 2015 to withdraw from the NEXT AUDIENCE business; this caused revenue from this business to decrease by EUR 0.5 million in comparison to the previous year. Without taking account of NEXT AUDIENCE business, the revenue generated by the SinnerSchrader Group in the quarter of the report increased by 8.1% in comparison to the previous year. An amount of a good EUR 0.1 million of the considerable increase in the operating result (EBITA) over the previous year was due to the gradual reduction of NEXT AUDIENCE losses. The operating result effects from the increase in revenue are enhanced by the measures implemented in the previous financial year to improve efficiency. Earnings per share calculated from the net income generated amount to EUR 0.05 for the first three months of the current financial year. With an inflow of funds of around EUR 1 million, the operating cash flow highlights the positive development in the first quarter of 2015/2016.

On the basis of the development of business in the first quarter of 2015/2016, which slightly exceeded internal planning, the company confirmed the forecast for the 2015/2016 financial year: revenue of more than EUR 50 million, EBITA in the range of EUR 5 million and net income of around EUR 3 million, or EUR 0.26 per share.