Brief: H&R: H1 net income up by more than 44 pct to EUR 26.3 mln

H&R GmbH & Co KgaA

12/08/2016 06:30

Aug 12 (Reuters) - H&R AG  2HR.DE : 
    * H1 sales revenues of 465.1 million euros ($518.03 million) were again lower than 
prior-year figure (first half of 2015: 524.7 million euros) 
    * H1 more than 30 percent increase in operating income (EBITDA) to 54.4 million euros (first 
half of 2015: 41.2 million euros) 
    * H1 net income increased by more than 44 percent to 26.3 million euros (first half of 2015: 
18.2 million euros) 
    * Nevertheless, management considers it advisable to update original 2016 EBITDA forecast of 
86.0 million euros: provided that prices and margins for its products continue to be stable 
overall, company now believes there is an additional earnings potential of around 10 percent 
    * Following two good quarters, management expects somewhat less dynamic business performance 
overall in second half of 2016 
 
Source text for Eikon:  ID:nEQ1dj0kta  
Further company coverage:  2HR.DE  
 
($1 = 0.8978 euros) 
 
 (Gdynia Newsroom) 
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