PVA TePla AG Announces Earnings Results for the for First Nine Months of 2015; Provides Earnings Guidance for the Fiscal Year 2015
November 06, 2015 at 07:00 am
PVA TePla AG announced earnings results for the for first nine months of 2015. The company reported that it has generated consolidated sales revenues of 51.6 million against 57.9 million for the same period a year ago, which were influenced by weak incoming orders in the second half of 2014 and the start of 2015. Operating cash flow of 0.2 million was generated in the first nine months of 2015 against negative operating cash flow 8.3 million previous year. Negative EBIT of 1.5 million against Negative EBIT of 5.1 million previous year.
The company provides consolidated earnings guidance for the fiscal year 2015. Consolidated sales revenues of between 70 million and 80 million and almost balanced operating earnings are still forecast for fiscal year 2015.