Consti Group plc Reports Earnings Results for the First Quarter Ended March 2016; Provides Earnings Guidance for the Year 2016
Consti Group Plc reported earnings results for the first quarter ended March 2016. For the period, the company reported net sales of EUR 51,367,000 against EUR 47,494,000 a year ago. Adjusted EBITDA was EUR 660,000 against EUR 881,000 a year ago. EBITDA was EUR 637,000 against EUR 586,000 a year ago. Adjusted EBIT was EUR 214,000 against EUR 366,000 a year ago. Operating profit (EBIT) was EUR 191,000 against EUR 71,000 a year ago. Loss for the period was EUR 77,000 against EUR 1,036,000 a year ago. Free cash flow was EUR 3,394,000 against EUR 2,184,000 a year ago. Loss per undiluted share was EUR 0.01 against EUR 0.26 a year ago.
The company estimates that its total annual sales for 2016 will grow compared to 2015.