STEICO SE Announces Earnings Results for the Second Quarter and First Half of 2017; Provides Earnings Guidance for the Year 2017
For the six months period, the company reported, revenues were EUR 114.6 million compared to EUR 101.2 million a year ago. Total operating revenue was EUR 113.2 million compared to EUR 105.8 million a year ago. EBITDA was EUR 18.4 million compared to EUR 17.4 million a year ago. EBIT was EUR 10.6 million compared to EUR 9.7 million a year ago. Net income for the period was EUR 6.4 million compared to EUR 6.0 million a year ago.
For the year, the company management is forecasting revenues and EBIT to grow in the low double digit percentage range.