Weng Fine Art AG Reports Preliminary Consolidated Sales Results for the Year 2015; Provides Earnings Guidance for the Year 2016
For the year 2016, the company anticipates even greater growth in sales and earnings than in 2015, although the sentiment has deteriorated in the art market since the fall of 2015. Depending on the settlement of some portfolio transactions, sales for the Group over the 2016 financial year are expected to range from EUR 7.5 to EUR 10.0 million with a pre-tax profit of between EUR 1.0 and EUR 2.0 million.