September 8, 2017 / 9:59 AM / 17 days ago

BRIEF-Ceotronics FY result turns to profit of 1.25 million euros

Sept 8 (Reuters) - CEOTRONICS AG:

* DIVIDEND PROPOSAL OF EUR 0.05 PER SHARE

* FY EBIT EUR 1,435 THOUSAND (PREVIOUS YEAR EUR -678 THOUSAND), RESULT EUR 1,254 THOUSAND (PREVIOUS YEAR EUR -604 THOUSAND)‍​

* FY CONSOLIDATED SALES EUR 19.651 MILLION (+ 12.2%)​

* EBITDA FOR FISCAL 2016/2017 AMOUNTS TO EUR 1,979 THOUSAND (PREVIOUS YEAR: EUR -106 THOUSAND)​

* OUTLOOK 2017/2018: EXPECTS MODERATE SALES GROWTH WITH A STABLE POSITIVE GROUP RESULT

* OUTLOOK 2018/2019: SIGNIFICANT INCREASE IN SALES AND EARNINGS IS EXPECTED FROM THE FINANCIAL YEAR 2018/2019

* AIMS TO ACHIEVE GROUP TURNOVER GROWTH OF APPROX. EUR 25.0 MILLION BY FY 2022/2023 WITH CORRESPONDINGLY HIGH POSITIVE GROUP RESULTS Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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