Solucom SA Reports Consolidated Unaudited Sales Results for the Third Quarter and Nine Months of the Fiscal Year 2015; Provides Earnings Guidance for the Fiscal Year 2015
For the nine months, the company's sales increased 15% to EUR 116.8 million, implying like-for-like.
The company confirmed its full-year of 2015 growth objective (raised at the end of November) of over 12%. The company is also maintaining its guidance in terms of profitability. As such, it is still looking for an operating margin on ordinary activities of between 11% and 13%; an objective which is nevertheless coming under increasing pressure due to the fact that persistently difficult market conditions continue to weigh on the firm's retail prices.