Singulus Technologies AG Announces Earnings Results for the First Quarter of 2017; Provides Earnings Guidance for the Full Year 2017
Singulus Technologies AG announced earnings results for the first quarter of 2017. For the quarter, the company reported sales were EUR 26.1 million against EUR 14.1 million a year ago. EBIT was EUR 1.4 million against LBIT of EUR 5.8 million a year ago. EBITDA was EUR 1.9 million against LBITDA of EUR 5.2 million a year ago. Profit for the period was EUR 0.9 million against loss of EUR 7.1 million a year ago. Earnings per share were EUR 0.11 against loss of EUR 23.22 a year ago.
For the current business year 2017 the company forecasts a doubling of sales pursuant to IFRS compared with the previous year. The operating result (EBIT) should come in at a low single digit million level for the group.