SinnerSchrader Reports Unaudited Consolidated Earnings Results for the Fourth Quarter Ended August 31, 2017; Provides Earnings Guidance for the Year Ended August 31, 2017
For the year, the company expects operating earnings before business combination cost of between EUR 6.2 million and EUR 6.3 million and an EBITA in the range from EUR 5.8 million to EUR 5.9 million. Consequently, net income before business combination cost will likely meet or exceed the minimum target of EUR 4 million and EUR 0.35 per share, respectively. Annual revenue added up to a total of between EUR 56.6 million and EUR 56.7 million.