SinnerSchrader AG Reports Earnings Results for the Third Quarter and Nine Months Ended 31 May 2016; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2016
For nine months, the company achieved sales revenue in the amount of EUR 38.2 million. Sales over the nine months period came in 11.3% and, on a basis adjusted for the withdrawal from NEXT AUDIENCE, 17.5% higher than in the previous year, respectively. From this revenue generated EBITA of EUR 2.75 million over the nine-month period. The comparative figure of the previous year amounted to EUR 0.9 million. The positive development in operating results was also reflected in net results of the Group. Coming from EUR 0.4 million in the previous year, The company improved its bottom line to EUR 1.9 million in the nine-month period. This result corresponds to earnings per share just short of EUR 0.17.
The company does not expect that the margin situation will improve in the fourth quarter of fiscal 2016. As recently announced, the company, therefore, forecasts EBITA for the year to come in weaker as originally planned at approximately EUR 4.5 million while revenue should meet the plan of EUR 50.5 million.