Ultrasonic AG Announces Audited Consolidated Earnings Results for the Fiscal Year 2013; Provides Earnings Guidance for the Fiscal Year 2014
The company provided earnings guidance for the fiscal year 2014. For fiscal 2014, the management board expects the positive trend to continue. Assuming a further rise in consumer spending in China and at least stable export demand, together with an unchanged number of distributors and a slight rise in the number of ULTRASONIC shops, the company expects to report further growth on a euro basis of around 10%-15% in 2014 (excluding currency effects). The management board still expects to report a pre-tax margin (EBT) of 24%-27% in 2014.