Digia plc Reports Earnings Results for the Third Quarter and Nine Months Ended of September 30, 2017; Provides Guidance for the Full Year 2017
For the nine months, the company reported net sales of EUR 68,255,000 compared to EUR 62,768,000 a year ago. Operating result was EUR 749,000 compared to EUR 3,819,000 a year ago. Result for the period was EUR 156,000 compared to EUR 3,034,000 a year ago. Earnings per share were EUR 0.01 compared to EUR 0.15 a year ago. Return on equity was 0.5% compared to 10.3% a year ago. Return on investment was 1.9% compared to 11.1% a year ago.
For the year 2017, the company expected net sales growth is expected to accelerate in 2017 (2016: net sales up 6.8%). The company expects its operating result to decline compared to 2016 (2016: EUR 5.4 million).