Ultrasonic AG Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012; Provides earnings Guidance for the Year 2012
For the nine months, the company reported sales of EUR 108,290,000 against EUR 86,700,000 a year ago. EBITDA was EUR 31,615,000 against EUR 25,886,000 a year ago. EBT was EUR 30,649,000 against EUR 24,894,000 a year ago. Group net income was EUR 22,771,000 against EUR 18,562,000 a year ago. Return on sales was 21.0% against 21.4% a year ago. Earnings per share were EUR 1.99 against EUR 1.72 a year ago.
The company provided earnings guidance for the year 2012. For the period, the company expects to report sales growth of 20-25%, assuming around 12% depreciation of the euro versus the renminbi. The forecast for the pre-tax margin (EBT relative to sales) has now been defined as around 26-29%.