Cramo Plc Announces Audited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2015; Provides Earnings Guidance for 2016
For the nine months, the company reported sales of EUR 667.877 million against EUR 651.758 million a year ago. EBITDA was EUR 84.827 million against EUR 70.293 million a year ago. Operating profit (EBIT) was EUR 76.714 million against EUR 34.328 million a year ago. Profit before taxes (EBT) was EUR 63.791 million against EUR 21.479 million a year ago. Profit for the period attributable to owners of the parent was EUR 49.715 million or EUR 1.12 diluted per share against loss of EUR 16.008 million or EUR 0.36 diluted per share a year ago. Cash flow from operating activities was EUR 182.865 million against EUR 118.266 million a year ago. capital expenditure was EUR 175.0 million against EUR 159.1 million a year ago.
In 2016, Cramo Group's sales will grow in local currencies and the EBITA margin will improve compared to 2015.