Brief: Schweizer Electronic Q1 EBIT increases to 1.5 mln euros
05/05/2017 07:30
May 5 (Reuters) - Schweizer Electronic AG SWEGn.DE :
* Successful first quarter 2017 for schweizer
* Q1 EBIT increased to 1.5 million euros ($1.65
million)(2016: 0.5 million euro), corresponding to an EBIT
margin of 4.5 percent (2016: 1.8 percent)
* Q1 turnover increase of 14.9 percent to 32.4 million euro
(2016: 28.2 million euro)
* Incoming orders rose by 8.2 percent to 31.7 million euro
(2016: 29.3 million euro), order book amounted to 157.5 million
euro at end of Q1 2017 (2016: 150.0 million euro)
* Based on our order book we continue to strive for a 2 to 4
percent turnover growth this year compared to 2016, which
corresponds to a turnover of about 120 million euro
* Expect our FY EBITDA to be on upper end of forecasted 8 to
9 percent EBITDA range
Source text for Eikon: ID:nEQ2rzR4f
Further company coverage: SWEGn.DE
($1 = 0.9112 euros)
(Gdynia Newsroom)
((gdynia.newsroom@thomsonreuters.com; +48 58 722 0920;))