Stern Groep NV Announces Earnings Results for the First Half of 2016
Stern Groep NV announced earnings results for the first half of 2016. For the period, net revenue increased by 9.0% compared to EUR 562.4 million a year ago. The increase was visible at Dealer Group Stern (up 8.8%) and at SternLease (up 19.6%). Partly due to the changed composition of revenue from sales and from after sales. The operating result was EUR 8.8 million, compared to EUR 6.5 million a year earlier. This is an increase of 35%. Net EBITDA was EUR 12.7 million against EUR 11.6 million year ago. Strong increase in the result after tax to EUR 5.2 million against EUR 3.4 million a year ago, up 52%. Earnings per share were up 53% to EUR 0.92 against EUR 0.60 a year ago.