October 23, 2017 / 6:02 AM / a month ago

BRIEF-JOST Werke raises FY 2017 forecast

Oct 23 (Reuters) - JOST WERKE AG:

* DGAP-ADHOC: JOST WERKE AG: JOST RAISES ITS FORECAST FOR THE 2017 FISCAL YEAR

* ‍9MTH ADJUSTED EBIT ROSE BY 24% TO EUR 63.8 MILLION​

* ‍NOW EXPECTS 2017 SALES TO GROW AT A HIGH-SINGLE DIGIT RATE (PREVIOUS FORECAST: MID-SINGLE DIGIT GROWTH RATE)​

* Q3 ‍TOTAL SALES GREW BY 15% TO EUR 171.5 MILLION (Q3 2016: EUR 149.4 MILLION)​

* ‍Q3 ADJUSTED EBIT INCREASED SIGNIFICANTLY BY 38% TO EUR 19.5 MILLION​

* SEES 2017 ‍ADJ EBIT TO GROW AT MODERATE-DOUBLE DIGIT RATE (PREVIOUS FORECAST: HIGH-SINGLE DIGIT GROWTH RATE)​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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