Splendid Medien AG Reports Earnings Results for the Nine Months of 2016; Reaffirms Earnings Guidance for the Fourth Quarter and Full Year of 2016
The company confirmed its full-year guidance for 2016: revenues of EUR 55 million to EUR 59 million, and EBIT of EUR 2.0 million to EUR 2.5 million. Assuming the low end of the guidance range, the company would achieve revenues of EUR 18.4 million for the fourth quarter of 2016; the high end implies for the fourth quarter of 2016 revenues of EUR 22.4 million. The company expects to achieve full-year estimate of EUR 58.2 million (still at the upper end of the guidance range).