January 30, 2018 / 6:50 AM / 6 months ago

BRIEF-Pankl Racing Systems FY Revenues Up By 5% To EUR 195.4 Mln​

Jan 30 (Reuters) - PANKL RACING SYSTEMS AG:

* ‍FY REVENUES INCREASED BY 5% TO EUR195.4M​

* FY EBIT AFTER NON-RECURRING START-UP EXPENSES DECREASED BY 11% TO EUR11.8M

* IN 2018, WE EXPECT REVENUES GROWTH OF AT LEAST 10%, ASSUMPTION BACKED BY A RECORD ORDER BOOK

* ‍WE EXPECT A SIGNIFICANT EARNINGS INCREASE IN 2018​

* ‍US CORPORATE TAX CHANGES CAUSED EXCEPTIONAL TAX EXPENSES OF EUR0.9M​

* FY NET PROFIT AT EUR5.7M AFTER DEDUCTION OF NET INTEREST RESULTS AND TAXES FROM EARNINGS Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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