Technotrans AG Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Provides Earnings Guidance for the Year 2016
For the six months, the company reported revenue was EUR 63.555 million compared to EUR 60.333 million a year ago. EBITDA was EUR 5.967 million compared to EUR 5.982 million a year ago. EBIT was EUR 4.377 million compared to EUR 4.440 million a year ago. Net income for the period was EUR 3.160 million compared to EUR 2.904 million a year ago. Earnings per share was EUR 0.48 compared to EUR 0.45 a year ago. Net debt was EUR 6.768 million compared to EUR 5.478 million a year ago. Free cash flow was negative of EUR 0.564 million compared to EUR 2.984 million a year ago.
In spite of various global insecurities, the management assumes that a turnover between EUR 126 million and 132 million will be achieved in the current financial year. For the EBIT, technotrans continues to expect a value between EUR 9.5 million and 10.5 million.