SinnerSchrader AG Reports Revenue Results for the Second Quarter Ended February 28, 2014; Provides Earnings Guidance for the Second Quarter Ended February 28, 2014; Provides Earnings Guidance for the Full Year of 2014
Provided earnings guidance for the second quarter ended February 28, 2014. For the quarter the company's operating results is likely to amount to more than EUR 0.8 million.
The company has raised its forecast for the year 2014. The company now expects net revenue for the year as a whole to exceed EUR 46 million, which corresponds to a growth rate of more than 26% against the EUR 36.4 million generated in the previous year. The operating result will amount to more than EUR 3 million. Until now, the company has presumed that the annual revenue would amount to more than EUR 41 million, and that the annual EBITA would be in the range of EUR 2.5 million to EUR 3 million.