Brief: Phoenix Mecano Q1 Operating Result Up At EUR 13.8 Mln

Phoenix Mecano AG

24/04/2018 06:19

April 24 (Reuters) - PHOENIX MECANO AG  PM.S :
    * FY GROSS SALES INCREASED FROM EUR583.2 MILLION TO EUR627.6
MILLION (UP 7.6%)
    * FY OPERATING RESULT ROSE BY 13.1% FROM EUR35.2 MILLION TO
EUR39.7 MILLION
    * GROSS SALES IN Q1 OF 2018 INCREASED YEAR-ON-YEAR TO
EUR169.7
MILLION
    * Q1 INCOMING ORDERS WERE UP BY 11.6% COMPARED WITH SAME
PERIOD
LAST YEAR, AT EUR181.2 MILLION
    * Q1 OPERATING RESULT GREW BY A DISPROPORTIONATELY HIGH
20.3% TO
EUR13.8 MILLION
    * SEES GROWTH IN SALES AND OPERATING RESULT IN 2018
    * SEES EUR40-46 MILLION AS OUR TARGET RANGE FOR EBIT THIS
YEAR
    * INCREASE IN DIVIDEND FROM CHF 15 TO CHF 16 PER SHARE

Source text for Eikon:  ID:nTENhu17qa 
Further company coverage:  PM.S 

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