SinnerSchrader AG Announces Audited Consolidated Earnings Results for the Year Ended August 31, 2016; Provides Earnings Guidance for the Year 2017
The company provided earnings guidance for the year 2017. The company is anticipating growth in the order of 10% and revenue of EUR 56 million for the next financial year. The margin is to be further improved to approximately 10.5%, meaning that an EBITA of between EUR 5.8 million and EUR 5.9 million is expected. The net income should be at least EUR 4 million, or EUR 0.35 per share.