Carraro SpA Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016; Provides Sales Guidance for the Fourth Quarter of 2016
For the third quarter, the company reported revenues of EUR 143.758 million against EUR 151.078 million a year ago. EBIT was EUR 7.365 million against EUR 586 million a year ago. EBITDA was EUR 13.239 million against EUR 7.223 million a year ago. Net profit was EUR 2.071 million against loss of EUR 4.682 million a year ago.
For the last quarter of 2016, a further slowdown in sales is anticipated, along with a slight decline in terms of economic results. Overall, the group's economic results show an improvement in ordinary operations compared to the previous year-end figures.