Brief: Coltene Holding FY 2016 net sales up at CHF 160.7 mln

COLTENE Holding AG

31/01/2017 06:00

Jan 31 (Reuters) - Coltene Holding AG  CLTN.S : 
    * Increased its net sales by 4.0% to 160.7 million Swiss 
francs ($161.52 million)(2015: 154.5 million Swiss francs) in 
financial year 2016 
    * Based on higher sales figures, company also expects an 
increase in operating profit (EBIT) and net profit.  
    * Estimates FY EBIT to amount to 23.3 million Swiss 
francs(2015: CHF 20.4 million), an increase of 14.3%. 
    * For FY net profit, Coltene expects an increase of 29.5% to 
17.3 million Swiss francs (2015: CHF 13.3 million) thanks to a 
more favorable currency situation. 
 
Source text for Eikon:  ID:nTENi3sz8a  
Further company coverage:  CLTN.S  
 
($1 = 0.9949 Swiss francs) 
 
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