SW Umwelttechnik Stoiser & Wolschner AG Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013; Provides Earnings Guidance for the Year 2013
For the nine months, the company has posted turnover of 46.3 million against 44.7 million a year ago. EBIT was 0.7 million against 0.8 million a year ago. EBITDA was 3.5 million against 3.6 million a year ago. EBITDA sank slightly from 3.6 million to 3.5 million. Earnings were 0.7 million compared to 0.8 million a year ago. Loss on ordinary activities was 1.4 million compared to profit of 0.1 million a year ago. The increase in revenue results mainly from EU-subsidised projects in Hungary and Romania.
For year 2013, The company foresees no changes in the market environment and expect a slight increase of turnover and expects stabilizing operative results.