Store Electronic Systems reported sales results for the third quarter and nine months of 2016. For the quarter, the company recorded sales of EUR 51.4 million, up 38% from EUR 37.2 million in the third quarter of 2015.

For the nine months, the company reported sales of EUR 137.3 million, resulting in a growth of 77% from EUR 72.2 million a year ago.

The company announced that the performance in third quarter of 2016 supports guidance of annual sales growth of around 50% in 2016 and a substantial improvement in the operating margin, with second half of the year expected to be close to first half in terms of sales and operating margin, both recording strong growth compared to previous year.

For 2017, the Group's objective is to exceed EUR 200 million in sales.