SinnerSchrader: Solid Finish To A Strong Year
Edison | Oct 19, 2016 05:45AM ET
SinnerSchrader (DE:SZZG) has reported a solid finish to an excellent financial year, which saw double-digit growth in underlying revenues and EBIT margin expansion. With some significant client wins announced, most recently Haspa and Audi in July, we believe FY17 will be another strong year and see scope for continued share price appreciation. We leave forecasts unchanged.
Q4 trading in line with forecasts
Q4 results were broadly as we had expected. After three quarters of strong growth, revenues in Q4 were down slightly y-o-y (-4%). However, without the investment in Next Audience (NA), EBIT margins of 14% were well above Q415 (8.8%). For the year as a whole, this takes preliminary revenues to just over €51m, up 7% y-o-y or 13% on an adjusted basis excluding the discontinued NA venture. Full year EBIT (including NA losses) is approximately €4.5m, putting full year EBIT margins at c 9% compared to c 4% last year (c 10% excluding NA). This translates to a net profit of €3m, €0.26 per share – slightly above July’s guidance.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.