Brief: STEICO Q2 revenues up at 54.4 million euros
21/07/2016 05:50
July 21 (Reuters) - STEICO SE ST5G.DE :
* Said on Wednesday revenues in the first six months were up
9.5 percent year-on-year, from 92.5 million euros to 101.3
million euros ($111.76 million)
* H1 EBITDA improved by 52.2 percent to 17.5 million euros
(previous year: 11.5 million euros), and EBIT lifted by 81.5
percent to 9.8 million euros (previous year: 5.4 million euros)
* H1 net income grew by 57.9 percent to 6.0 million
euros(previous year: 3.8 million euros)
* Q2 revenues of 54.4 million euros were recorded in the
second quarter (previous year: 47.4 million euros)
* Q2 EBIT lifted by 51.4 percent to 5.6 million euros
(previous year: 3.7 million euros)
* Management believes that the positive growth will
continue, however the growth rates are expected to be slightly
lower than in the first half of the year; expects that the
consequences of the planned BREXIT will dampen future growth on
this market
* Is forecasting revenue growth in the upper single- digit
percentage range for the year as a whole. In terms of EBIT,
above average growth in the upper double-digit percentage range
is forecast.
Source text for Eikon: urn:newsml:reuters.com:*:nEQb7DKgN
Further company coverage: ST5G.DE
($1 = 0.9064 euros)
(Gdynia Newsroom)
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