Walter Meier AG Announces Group Earnings Results for the Year Ended December 31, 2016
Walter Meier AG announced group earnings results for the year ended December 31, 2016. For the year, the company reported sales of CHF 239,570,000 compared to CHF 240,690,000 a year ago. This was due to very strong demand in the project business involving air-conditioning systems, which fully offset low order levels in the replacement business. EBITDA was CHF 16,947,000 compared to CHF 13,149,000 a year ago. EBIT was CHF 12,971,000 compared to CHF 9,400,000 a year ago. Net income was CHF 14,715,000 or CHF 2.02 per registered share compared to CHF 7,420,000 or CHF 1.02 per registered share a year ago. Free cash outflow was CHF 5,865,000 compared to free cash inflow of CHF 18,938,000 a year ago.