The company reported preliminary Q2 16 results and increased the guidance for the financial year 2016. Revenues declined 1.1% to €203.4m but, according to the company, revenues increased 2% but this is currency adjusted. EBIT jumped 35.6% to €43.3m and the EBIT margin increased from 20.1% to 25.9%. Net income improved 41.5% to €28.2m.


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Strong operating performance but growth lagging behind
- Published:
14 Jul 2016 -
Author:
Heinz Steffen -
Pages:
2 -
The company reported preliminary Q2 16 results and increased the guidance for the financial year 2016. Revenues declined 1.1% to €203.4m but, according to the company, revenues increased 2% but this is currency adjusted. EBIT jumped 35.6% to €43.3m and the EBIT margin increased from 20.1% to 25.9%. Net income improved 41.5% to €28.2m.