Brief: Bertrandt H1 revenues up 2.6 pct at 497.2 million euros

Bertrandt AG

10/05/2017 15:05

May 10 (Reuters) - Bertrandt AG  BDTG.DE : 
    * INCREASED REVENUES FOR BERTRANDT IN THE FIRST HALF OF 
FISCAL 2016/2017, BUT REVISED ASSESSMENT FOR THE DEVELOPMENT OF 
THE FISCAL YEAR AS A WHOLE  
    * H1 OPERATING PROFIT 35.6 MILLION EUR VERSUS 42.2 MILLION 
EUR YEAR AGO 
    * INCREASED ITS REVENUES IN FIRST HALF OF FISCAL 2016/2017 
BY 2.6 PERCENT TO EUR 497.2 MILLION (PREVIOUS YEAR EUR 484.8 
MILLION) 
    * H1 OPERATING PROFIT WAS EUR 35.6 MILLION (PREVIOUS YEAR 
EUR 42.2 MILLION) 
    * INTENDS TO MAINTAIN ABSOLUTE AMOUNT OF DIVIDEND OF EUR 
2.50 IN ITS PROPOSAL FOR APPROPRIATION OF PROFITS FOR 2016/2017 
AND TO DEVIATE FROM ITS 40 PERCENT DIVIDEND POLICY TO BENEFIT OF 
SHAREHOLDERS 
    * CONSIDERS A MEDIUM-TERM ANNUAL REVENUE GROWTH OF EUR 20 TO 
50 MILLION AND AN OPERATING PROFIT RELATIVE TO REVENUES OF 
BETWEEN SEVEN AND NINE PERCENT AS REALISTIC 
    * EXPECTS FY INCREASE IN REVENUES OF UP TO EUR 30 MILLION 
OVER PREVIOUS YEAR (FIGURE EXPECTED UNTIL NOW: EUR 30-70 
MILLION) 
    * FY OPERATING PROFIT RELATIVE TO REVENUES WILL BE BETWEEN 
SIX AND EIGHT PERCENT (UNTIL NOW: EUR 0-3 MILLION HIGHER THAN IN 
PREVIOUS YEAR) 
 
Source text for Eikon:  ID:nEQ6qrVcD  
Further company coverage:  BDTG.DE  
 
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