Brief: Phoenix Mecano Q1 gross sales up at 161.2 mln euros

Phoenix Mecano AG

25/04/2017 06:01

April 25 (Reuters) - Phoenix Mecano AG  PM.S : 
    * Says consolidated gross sales increased from 559.8 million 
euros to 583.2 million euros in FY ($633.71 million)(+4.2%) 
    * Says operating result (EBIT) increased from 15.0 million 
euros previous year to 34.5 million euros in 2016 
    * Unchanged dividend of 15 Swiss francs per share 
    * Says raise hope of an increased willingness to invest, at 
least in short term 
    * Sees 36-40 million euros as our target range for EBIT in 
2017. 
    * Phoenix Mecano group's gross sales in Q1 of 2017 increased 
by 9.8% year-on-year to 161.2 million euros 
 
Source text for Eikon:  ID:nTENw13cxa  
Further company coverage:  PM.S  
 
($1 = 0.9203 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 722 0920;))