Brief: Phoenix Mecano posts 2016 provisional result for period of around 23 mln euros

Phoenix Mecano AG

16/02/2017 06:00

Feb 16 (Reuters) - Phoenix Mecano AG  PM.S : 
    * FY consolidated gross sales increased from 559.8 million 
euros to 583.2 million euros ($619.30 million) (+4.2 pct), while 
unaudited net sales rose from 554.5 million euros to 577.5 
million euros 
    * FY incoming orders were up from 574.1 million euros to 
598.0 million euros  
    * This corresponds to a book-to-bill ratio for 2016 of 102.5 
pct 
    * FY provisional operating cash flow (EBITDA) rose by an 
impressive 12.8 pct, from 52.3 million euros to around 59 
million euros 
    * The management and board of directors anticipate an 
increase in sales and operating result in 2017, barring any 
extreme volatility in our global target markets 
    * FY unaudited operating result (EBIT), adjusted for 
exceptional expenses in previous year, also increased 
disproportionately by 13.5 pct to around 34.5 million euros 
    * FY result for period of around 23 million euros (previous 
year: 6.7 million euros) 
 
Source text for Eikon:  ID:nTENcbrx1a  
Further company coverage:  PM.S  
 
($1 = 0.9417 euros) 
 
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