SnowWorld Reports Unaudited Consolidated Earnings Results for the First Half Ended March 31, 2018; Provides Earnings Guidance for the Full Year of 2018
The company provided earnings guidance for the full year of 2018. The company generates over 70% of its annual turnover in the first six months of the year. The performance for this period therefore lays a very strong foundation for the results for the full financial year. Given the developments during the first half year, the company expects to arrive at lower EBITDA and lower operating net profit than in the previous financial year. As the net profit in the previous financial year was negatively influenced by a one-off write-down of capitalized development costs of EUR 1.0 million, the company expects to be able to realize a comparable net profit for 2017/2018. Earnings per share are also expected to be similar to those of last year. The regular investments are expected to amount to a maximum of EUR 1.7 million this financial year.