SnowWorld N.V. Reports Earnings Results for the Year 2015; Provides Earnings Guidance for the Year 2016
SnowWorld N.V. reported earnings results for the year 2015. For the year, the company reported constant turnover of EUR 25.4 million compared to EUR 25.8 million a year ago. EBITDA increased by 3.2% to 8.5 million and EBIT was 6.6% higher at 5.1 million. Net profit increased six-fold from EUR 386,000 to EUR 2.3 million. Net operating profit increased by 31.6% from EUR 1.8 million to just over EUR 2.3 million. Net operating earnings per share amounted to EUR 0.79 for 2015, an increase of 16.2% compared to the Eur 0.68 of the previous financial year. Operating cash flow per share amounted to EUR 1.93.
The company is positive about the 2015/2016 financial year. Based on current developments, the management of The company expects to see a further improvement in earnings in 2015/2016.