The group showed Q3 revenue growth of 2.2% to €374m which brought the ytd number to €1.15bn, an increase of 3.0%. However, profits continued falling. EBIT was down by 12% to €31m in the last quarter and 11% to €97m ytd. As net financial expenses fell from €5.6m to €3.6m in Q3, net earnings fell by only 4% to €19.9m. However, net financial expenses were up by €4m ytd and this resulted in a net profit fall of 15% to €58.8m. Our 9M revenue expectation
08 Nov 2016
Good cash generation, but poor Q3 profit numbers
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Good cash generation, but poor Q3 profit numbers
ElringKlinger AG (ZIL2:WBO) | 0 0 (-0.7%) | Mkt Cap: 1,074m
- Published:
08 Nov 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
The group showed Q3 revenue growth of 2.2% to €374m which brought the ytd number to €1.15bn, an increase of 3.0%. However, profits continued falling. EBIT was down by 12% to €31m in the last quarter and 11% to €97m ytd. As net financial expenses fell from €5.6m to €3.6m in Q3, net earnings fell by only 4% to €19.9m. However, net financial expenses were up by €4m ytd and this resulted in a net profit fall of 15% to €58.8m. Our 9M revenue expectation