SW Umwelttechnik Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2013; Provides Earnings Guidance for the Full Year of 2013
For the six months period, the company reported turnover of 23.2 million compared to 24.0 million a year ago due to the on-going difficult market situation and the adverse weather conditions. EBIT has already been increased to the same level as in the previous year and a positive EBITDA could be reported at 0.8 million. LBIT has been increased to 1.0 million and EBITDA to 0.8 million so on the same level as in the previous year. Financial loss amounted to 1.4 million, which is 1.5 million lower than in the previous year, this is due to non cash-affecting negative spreading and special revenue not being applicable. Profit on ordinary activities of 2.5 million is thus still lower compared to loss on ordinary activities of 0.9 million in 2012.
The company expects improved company earnings with a slight increase in turnover for the full year 2013.