Brief: Progress Werk Oberkirch FY net income up at 9.5 mln euros

PWO AG

22/02/2017 07:00

Feb 22 (Reuters) - Progress Werk Oberkirch AG  PWOG.DE : 
    * Fully meets 2016 forecasts and plans to continue strong 
growth in 2017 
    * FY EBIT including currency effects totaled 19.7 million 
euros ($20.73 million)(p/y: 18.1 million euros) 
    * FY group's revenue and total output increased only 
moderately to 409.6 million euros (p/y: 404.6 million euros) and 
423.5 million euros(p/y: 413.3 million euros), respectively 
    * FY net income for period reached 9.5 million euros (p/y: 
7.5 million euros), earnings per share equaled 3.05 euros (p/y: 
2.41 euros) 
    * Expects 2017 revenue excluding material price effects to 
grow to roughly eur 430 million 
    * Progress werk oberkirch - anticipates 2017 
disproportionate rise in EBIT before currency effects to 23 mln 
to 24 million euros 
    * 2017 outlook: net income for period should increase even 
more due to expected continued decline in burdens from financial 
result and tax rate 
 
Source text for Eikon:  ID:nEQbflD5P  
Further company coverage:  PWOG.DE  
 
($1 = 0.9501 euros) 
 
 (Gdynia Newsroom) 
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