CENIT Group Announces Earnings Results for the First Quarter of 2016; Provides Earnings Guidance for the year 2016
CENIT Group announced earnings results for the first quarter of 2016. For the quarter, the company generated sales revenues of EUR 29,628,000 against EUR 30,426,000 a year ago. EBITDA was EUR 2,745,000 against EUR 2,901,000 a year ago. EBIT was EUR 2,095,000 against EUR 2,402,000 a year ago. Results per share was EUR 0.19 against EUR 0.22 a year ago.
For the current year 2016, the Group targets sales growth by 5%. On the whole, the company is anticipating a high single-digit rise in earnings (EBIT).