Stallergenes Greer Plc Announces Audited Consolidated Earnings Results for the Second Half and Full Year Ended December 31, 2017; Provides Earnings Guidance for the Fiscal 2018
March 22, 2018 at 02:00 am
Stallergenes Greer Plc announced audited consolidated earnings results for the second half and full year ended December 31, 2017. For the period, the company reported net sales were 260.195 million against 186.247 million a year ago. Total revenue was 260.231 million against 186.388 million a year ago. Operating loss (LBIT) before transformation costs was 5.351 million against 92.543 million a year ago. Operating loss was 5.351 million against 96.049 million a year ago. Loss before tax and associates was 7.148 million against 96.139 million a year ago. Loss for the period attributable to owners of the parent was 9.871 million against 60.522 million a year ago. Net cash flow used in operating activities was 4.218 million against 78.085 million a year ago. EBITDA was 21.9 million against loss of 67.9 million a year ago.
For the second half, the company reported net sales were 130.6 million against 108.2 million a year ago. LBIT was 1.9 million against 37.5 million a year ago. Net loss was 1.0 million against 21.5 million a year ago. EBITDA was 15.7 million against loss of 22.9 million a year ago.
For the fiscal 2018, the company expects net sales to grow mid-single digit per cent in constant currency, and EBITDA to be higher than 2017.