The company released preliminary third quarter results (final results due on 28 October). At first glance the company is experiencing some growth and EBITDA increased substantially. The whole story however looks rather different. In Q3 15, revenues increased 5% from €205.6m to €215.9m. EBIT jumped up between 34% and 36% to a level between €66m and €67m compared to €49.1m in Q3 14. Excluding the extraordinary impact of around €7.4m, the EBIT margin improved from 2
14 Oct 2015
Product or sales problem or both?
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Product or sales problem or both?
The company released preliminary third quarter results (final results due on 28 October). At first glance the company is experiencing some growth and EBITDA increased substantially. The whole story however looks rather different. In Q3 15, revenues increased 5% from €205.6m to €215.9m. EBIT jumped up between 34% and 36% to a level between €66m and €67m compared to €49.1m in Q3 14. Excluding the extraordinary impact of around €7.4m, the EBIT margin improved from 2