SinnerSchrader AG Reports Unaudited Consolidated Revenue Results for the Fourth Quarter and Year Ended August 31, 2014; Provides Earnings Guidance for the Year Ended August 31, 2014
The company closed the 2013/2014 financial year with net revenue of more than 48.5 million. This represents growth of more than 12 million, or more than 33%.
The company is expected to achieve its profit targets for the year of the report. On the basis of the provisional figures, the Group's operating result (EBITA) is in the range of 3 million to 3.1 million. The company expects net income in the range of 1.9 million to 2.0 million.