Solucom announced audited consolidated earnings results for the year ended March 31, 2016. For the year, the company reported revenues of EUR 233.0 million against EUR 163.1 million a year ago. Operating income on ordinary activities was EUR 29.8 million against EUR 21.1 million a year ago. Operating income was EUR 23.1 million against EUR 20.4 million a year ago. Group share of net income was EUR 13.4 million against EUR 12.6 million a year ago. The company generated net cash flow from operations of EUR 15.5 million on the back of a 19% increase in cash flow. Net financial debt stood at EUR 58.8 million for equity of EUR 85.0 million at the end of the period. Pre-tax income was EUR 21,781,000 against EUR 20,209,000 a year ago. Net results was EUR 13,358,000 against EUR 12,596,000 a year ago. Group share of diluted net profit per share was EUR 2.73 against EUR 2.57 a year ago. Intangible and fixed asset acquisitions was EUR 7,645,000 against EUR 983,000 a year ago.

At the financial level, the group is targeting consolidated revenues of over EUR 340 million in 2017, implying consolidated growth of more than 45% up 4% pro forma. Regarding profitability, the company is targeting an EBIT above EUR 34 million and a double-digit EBIT margin.