February 22, 2017 / 6:13 AM / 6 months ago

BRIEF-Cewe FY 2016 EBIT up 29 pct at 47.0 million euros

Feb 22 (Reuters) - Cewe Stiftung & Co KGaA:

* Achieves its corporate targets for 2016

* Group EBIT grows by 29.2 pct to 47.0 million euros ($49.55 million) in 2016 (2015: 36.4 million euros)

* Sales targets all achieved in 2016, FY turnover rises by 7.0 pct to 593.1 million euros

* FY ROCE increases to 21.3 pct (2015: 17.2 pct) Source text for Eikon: Further company coverage: ($1 = 0.9486 euros) (Gdynia Newsroom)

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