CENTROTEC Sustainable AG Reports Earnings Results for the Third Quarter and Nine Months of 2017; Provides Earnings Guidance for 2017
Cumulatively over the first nine months of the financial year, revenue grew by 3.0% to EUR 428.4 million against EUR 415.7 million a year ago. EBIT came to EUR 19.2 million, and was therefore 17.3% lower than in the previous year EBIT of EUR 23.2 million. Earnings per share amounted to EUR 0.62 against EUR 0.78 a year ago.
For the year 2017, the company expects earnings expectations (EBIT) to be EUR 28 million to EUR 30 million. On the other hand the company expects revenue forecast will be met, more precisely in the middle of the original forecast range of EUR 575 million to EUR 600 million.