SinnerSchrader Aktiengesellschaft Reports Earnings Results for the Third Quarter and Nine Months Ended May 31, 2018; Provides Earnings Guidance for the Full Year of 2018
For the nine months, the company's revenues totalled EUR 47.0 million. This means that the company has increased its revenue in the financial year to date by EUR 4.9 million, or 11.7%, in comparison to the previous year. Before merger costs, the company earned an operating result in the amount of just under EUR 4.5 million in this period. The operating margin was 9.5% in the nine-month period. EBITA was 2.8 million. The net income in the nine-month period came out at EUR 1.9 million (adjusted for the merger costs: EUR 3.0 million).
The company provided earnings guidance for the full year of 2018. For the year, the company expects sales revenue of EUR 63.8 million, EBITA of EUR 5.2 million (adjusted for the merger costs: EUR 7.2 million) and net income of EUR 3.5 million (adjusted: EUR 4.9 million).