Tronics Announces Unaudited Consolidated Revenue Results for the First Half Ended June 30, 2016; Provides Revenue Guidance for the Full Year 2016
For the full year 2016, the company's revenue should increase from the 2015 level, driven by more sustained engineering and manufacturing activities in the second half of the year. Although the lower than expected 2016 level of activity is partially compensated by the EUR 700,000 cost reduction program wholly implemented in the first quarter, it will weigh on the full year results.