Brief: Schweizer Electronic Q3 EBIT at 0.9 million euros
04/11/2016 08:00
Nov 4 (Reuters) - Schweizer Electronic Ag SWEGn.DE
* Increase of 2.1 pct to 29.1 million euros ($32.30
million)in Schweizer's Q3 turnover (previous year 28.5 million
euros)
* Expect our Q4 results to be on a similar level as in q3
* Q3 EBITDA reached target with a total of 2.9 million euro,
and margin of 10 pct was above this year's half year-level of
7.9 pct, but fell slightly behind last year's Q3-margin of 12.0
pct (3.4 million euro).
* Q3 EBIT (earnings before interest and taxes) amounted to
0.9 million euro (2015: 1.5 million euro)
* We could close our accounts of 2016 with an EBITDA ratio
of between 9 pct and 10 pct, coming up to our forecast from
august this year
* Expect our turnover to stay stable for FY, which is in
contrast to our august forecast of a 2 pct-increase
* Presents third quarter figures and reports increasing
achievements in the automotive sector and export business
Source text for Eikon: ID:nEQ8vCBfQ
Further company coverage: SWEGn.DE
($1 = 0.9011 euros)
(Gdynia Newsroom)
((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))