Hoeft & Wessel Group Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revises Earnings Guidance for the Full Year 2014
For the nine months, sales revenues amounted to EUR 42.4 million and LBIT amounted to EUR 6.5 million compared to sales revenues of EUR 55.9 million and LBIT of EUR 3.2 million a year ago.
The company previously anticipated sales revenues for the year 2014 below the previous year's figure and a slightly positive operating result and expectations now are for the sales revenues for the year to fall significantly short of the previous year's figure, and for EBIT to be negative in the upper single-digit million range.