Brief: Init innovation in traffic systems raises FY revenues and profit targets
18/07/2016 15:19
July 18 (Reuters) - Init AG IXXG.DE :
* Increases its 2016 targets for revenues and profit
* New revenues and profit forecast following a takeover
* Now expects that init will in current fiscal year generate
revenues of 106 million euros ($117.23 million) (previous
forecast: 100 million euros) and operating earnings before
interest and taxes (EBIT) of more than 12 million euros
(previous: 8 million euros) at group level
Source text for Eikon: ID:nEQ60M7NZ
Further company coverage: IXXG.DE
($1 = 0.9042 euros)
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