SinnerSchrader AG reported earnings results for the third quarter and nine months ended May 31, 2017. For the quarter, the company earned sales revenues of EUR 15.2 million and exceeded the comparable value of the previous year by 13.3% and that of the preceding second financial quarter by 11.1%. The operating result (EBITA) came out at EUR 1.4 million, almost corresponding to the level of the previous year. Adjusted by the costs, the EBITA improved by 10% in comparison to the previous year.

For the nine months, the company earned sales revenue of EUR 42.0 million and increased the previous year's value by 10.2%. The company earned an operating result (EBITA) in the amount of EUR 4.0 million or EUR 3.6 million from the revenue after the transaction costs arising from the merger with Accenture. The previous year's result was exceeded by almost 47% and 31%, respectively. The net income reached EUR 2.4 million. Without the transaction costs, a net income of EUR 2.7 million would have been earned. Compared with the net income from the first nine months of the previous year, this corresponds to an improvement in profit of 27% or 42%, respectively. The company generated diluted earnings per share of EUR 0.21 and before transaction cost of EUR 0.24, respectively. The operating cash flow was slightly negative, as in the previous year, due to a temporary rise in the working capital.

The company confirmed earnings guidance for the full year of 2017. Based on the nine-month figures, the company feels that it is well on the way to achieving the revenue forecast of more than EUR 56 million and - adjusted by the effects of the merger agreement with Accenture - the forecasts of between EUR 5.8 million and EUR 5.9 million for the EBITA and at least EUR 4.0 million for the net income.