Stikla Skiedra announced unaudited consolidated earnings results for the first nine months ended September 30, 2015. For the period, the company reported consolidated turnover of EUR 99.501 million, up 14.2% from EUR 87.091 million in the same period last year, while its profit grew 12.3% year-on-year to EUR 6.652 million against EUR 5.924 million a year ago. Operating profit was EUR 6.640 million against EUR 7.201 million a year ago. Profit from operations and before tax was EUR 6.427 million against EUR 6.339 million a year ago. Earnings per share were EUR 0.2783 against EUR 0.2478 a year ago. Cash provided by operating activities was EUR 11.855 million against EUR 7.649 million a year ago. Purchase of fixed and intangible assets was EUR 13.091 million against EUR 8.303 million a year ago. The consolidated operating profit (EBITDA) was EUR 14.32 Million and stayed at the same level compared to the same period of 2014.
Based on the overall development trends, the group management maintains its earlier forecast of the net turnover for 2015 at EUR 127.7 million, which is 18% more than the audited consolidated net turnover in 2014. Consequently, the consolidated net profit forecast for 2015 has been reviewed and now is estimated to be EUR 7.7 million, which is about 8% more as compared to the audited consolidated net profit for 2014.