Kaufman & Broad SA Reports Unaudited Consolidate Financial Results for the Fourth Quarter and Full Year Ended Nov. 30, 2016; Provides Earnings Guidance for the Year 2017
For the year, revenues were EUR 1,238,002,000 against EUR 1,063,098,000 for the same period of last year. Current operating income was EUR 101,258,000 against EUR 85,685,000 for the same period of last year. Operating income was EUR 101,258,000 against EUR 86,511,000 for the same period of last year. Net income attributable to shareholders was EUR 67,479,000 or EUR 2.21 per share against EUR 58,946,000 or EUR 1.84 per share for the same period of last year.
The group estimates that in fiscal 2017 its revenues will increase by 8% to 10%, gross margin and adjusted EBIT will remain around 19% and 8.5% respectively, while net financial debt will remain close to EUR 100 million.