ES-System Spólka Akcyjna announced earnings results for the third quarter and first nine months of fiscal 2019. For the quarter, the company announced revenue from sales of PLN 56,022,000 compared to PLN 51,067,000 for the same period year ago. EBIT was PLN 956,000 compared to PLN 3,027,000 for the same period year ago. Net profit was PLN 1,390,000 compared to PLN 2,576,000 for the same period year ago.

For the first nine months, the company announced revenue from sales of PLN 161,098,000 compared to PLN 142,469,000 for the same period year ago. EBIT was PLN 6,568,000 compared to PLN 6,979,000 for the same period year ago. Net profit was PLN 6,475,000 compared to PLN 6,424,000 for the same period year ago.

The company provided sales guidance for the fourth quarter and full year of fiscal 2019. Based on the results from the third quarter of 2019 and the size of the order portfolio, the Management Board expects to maintain the upward trend in domestic sales in the fourth quarter of 2019. In foreign sales, based on the portfolio of orders, the Management Board expects to maintain the upward trend in the 4th quarter of 2019.

In annual terms, Management strives to maintain at least a single-digit percentage increase in sales on the domestic market. In foreign sales, based on the portfolio of orders, the Management Board expects total sales for 2019 should exceed the results achieved in 2018.