Brief: H&R Q2 EBIT up at 19.5 mln euros

H&R GmbH & Co KgaA

15/07/2016 11:03

July 15 (Reuters) - H&R AG  2HR.DE : 
    * Earnings forecast for 2016 updated 
    * Compared to first half of 2015, operating income (EBITDA) 
increased significantly to 54.4 million euros ($60.61 million)in 
H1 
    * Q2 EBIT improved by around 9 pct from 17.9 million euros 
in Q2 of 2015 to 19.5 million euros 
    * Sales revenues decreased to 237.1 mln euros during Q2 of 
this year (Q2 2015: 261.7 mln euros) 
    * Q2 net profit to shareholders of 12.8 mln euros was almost 
equivalent to prior-year figure (Q2 2015: 13.4 mln euros) 
    * Considers it appropriate to update its previous 2016 
EBITDA forecast of 86.0 mln euros 
    * Providing prices and margins for its products continue to 
be stable, company now believes there is an additional earnings 
potential of around 10 pct 
 
Source text for Eikon:  ID:nEQ9Qw68X  
Further company coverage:  2HR.DE  
 
($1 = 0.8976 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 722 0920;))