Brief: Progress Werk Oberkirch Q1 net income at 1.3 million euros

PWO AG

04/05/2016 07:01

May 4 (Reuters) - Progress Werk Oberkirch AG  PWOG.DE : 
    * Group revenue in Q1 of 2016 rose to 103.7 million euros  
($119.05 million)(p/y: 99.6 million euros) 
    * Q1 EBIT before currency effects amounted to 4.8 million 
euros (p/y: 4.9 million euros) 
    * Q1 net income for period reached 1.3 million euros (p/y: 
3.2 million euros) 
    * Q1 total output increased to 100.2 million euros (p/y: 
103.3 million euros) 
    * Well on our way to achieving our annual targets for 
revenue and ebit before currency effects 
    * Continue to expect a slight improvement in revenue to 
around 410 million euros and an increase in EBIT before currency 
effects to a total of 20 million euros 
 
Source text for Eikon:  ID:nEQQh5msa  
Further company coverage:  PWOG.DE  
 
($1 = 0.8711 euros) 
 
 (Gdynia Newsroom) 
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