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Provider: Reuters Investment Profile
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Elektrobit Oyj Comments on FY 2012 and H2 2012 Financial Guidance; Issues Q4 2012 Financial Guidance


Tuesday, 6 Nov 2012 01:00am EST 

Elektrobit Oyj announced that it expects to report fiscal year 2012 net sales and fiscal year 2012 operating result to grow clearly from fiscal year 2011. It also expects to report the second half of fiscal year 2012 net sales to grow clearly compared to the second half of fiscal year 2011 and operating result for the second half of fiscal year 2012 to be clearly positive. Due to the seasonal nature of the Company‚Äôs business and due to the holiday period during the third quarter, the Company expects to report net sales and operating result without non-recurring items in the fourth quarter of fiscal year 2012 higher than in the third quarter of 2012. The Company reported fiscal year 2011 net sales of EUR 162.2 million and fiscal year 2011 operating loss of negative EUR 4.0 million. It also reported net sales for the second half of fiscal year 2011 of EUR 86.1 million and operating result for the second half of fiscal year 29011 of EUR 0.4 million. For the third quarter of fiscal year 2012 the Company reported net sales of EUR 47 million and operating profit without non-recurring items of EUR 0.8 million. According to I/B/E/S estimates, analysts on average are expecting the Company to report fiscal year 2012 net sales of EUR 199.38 million and fiscal year 2012 operating result (EBIT) of EUR 4.04 million.