Brief: Progress Werk Oberkirch Q2 net income down at 3.1 million euros

PWO AG

03/08/2017 07:00

Aug 3 (Reuters) - PROGRESS WERK OBERKIRCH AG  PWOG.DE : 
    * REVENUES IN Q2 ROSE TO EUR 116.0 MILLION (P/Y: EUR 105.0 
MILLION) 
    * Q2 TOTAL OUTPUT INCREASED TO EUR 122.1 MILLION (P/Y: EUR 
110.0 MILLION) 
    * Q2 EBIT BEFORE CURRENCY EFFECTS AMOUNTED TO EUR 6.7 
MILLION (P/Y: EUR 6.6 MILLION) AND EUR 5.2 MILLION INCLUDING 
CURRENCY EFFECTS 
    * Q2 NET INCOME FOR PERIOD AND EARNINGS PER SHARE TOTALED 
EUR 3.1 MILLION (P/Y: EUR 3.5 MILLION) 
    * FORECAST FOR REVENUE OF EUR 450 MILLION IN 2017, OF WHICH 
EUR 20 MILLION STEMS FROM MATERIAL PRICE EFFECTS, NOW APPEARS TO 
BE CONSERVATIVE 
    * IN TERMS OF EBIT BEFORE CURRENCY EFFECTS, WE BELIEVE WE 
ARE ON RIGHT TRACK TO REACH OUR TARGET OF EUR 23 TO 24 MILLION 
 
Source text for Eikon:  ID:nEQbfmwQra  
Further company coverage:  PWOG.DE  
 
 (Gdynia Newsroom) 
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