Brief: Init Innovation in Traffic Systems Q3 revenue down at EUR 26.1 mln
06/11/2015 14:19
Nov 6 (Reuters) - Init Innovation in Traffic Systems AG IXXG.DE :
* Financial figures for the third quarter 2015: sales growth higher than expected - earnings
risks have increased - management board therefore cuts earnings forecast for 2015
* Q3 revenue of 26.1 million euros ($27.97 million) (previous year 25.7 million euros)
* 9-month revenue growth of 5.2 percent with revenue of 73.2 million euros (previous year:
69.6 million euros)
* Net profit for 9-month around 4.0 million euros (Q1-Q3 2014: 6.8 million euros)
* Remains on track to achieve its full-year revenue target of between 104 million and 110
million euros, though has to cut its earnings forecasts
* Considers target for incoming orders of 112 million euros in 2015 still achievable
(30/09/2015: 56.4 million euros, previous year: 55.6 million euros)
Source text for Eikon: ID:nEQ5s5ggQa
Further company coverage: IXXG.DE
($1 = 0.9330 euros)
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