CENTROTEC Sustainable AG Reports Earnings Results for the Year 2016; Provides Earnings Guidance for the Year 2017
For the year 2017, the company anticipates revenue of EUR 575 million to EUR 600 million. The strategic measures to achieve a sustained, international improvement in revenue and earnings will entail above-average expenditure and investment in the development, service and international sales areas in 2017. However the greater part of these measures will not yet produce a profit contribution in 2017 and will diminish the operating result mainly in the second half of the year. Overall, the company expects to post an operating result (EBIT) in the range of EUR 33 million to EUR 35 million for 2017. For the financial years thereafter, the company expects to see a continuation in organic revenue growth and a return to a positive development in the profit margins.