SinnerSchrader AG reported earnings results for the second quarter and first half ended February 29, 2016. For the quarter, the company reported revenue of EUR 12.0 million. The operating result (EBITA) of EUR 0.5 million also clearly exceeded the figure for the previous year with a growth of EUR 0.7 million.

For the first half, the company reported sales revenue in the amount of EUR 24.8 million. Unadjusted growth exceeded that of the same period of the previous year by 7.9%, and when adjusted by the withdrawal from NEXT AUDIENCE business, it amounted to 13.9%. The company generated an operating result of EUR 1.35 million in the half year of the report - an increase of EUR 1.26 million in comparison to the same period of the previous year. The net income was EUR 0.95 million, or EUR 0.08 per share. In the second half year of fiscal 2015, net income had fallen just short of zero. With an inflow of funds of around EUR 1.1 million, the operating cash flow underlines the positive development in the first half year of fiscal 2016 in comparison to the previous year, in which there was an outflow of funds in the amount of EUR 1.3 million in the operating area.

The company confirms forecast for the current financial year of 2015/2016: revenue of more than EUR 50 million, an EBITA in the range of EUR 5 million and net income of around EUR 3 million, or EUR 0.26 per share.