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Nanogate AG Raises FY 2013 Earnings Forecast


Monday, 30 Sep 2013 07:59am EDT 

Nanogate AG (Nanogate) announced that it experienced a growth in consolidated net income which outpaced the rise in sales in the first half of 2013. The Group expanded its business activities by around 28% to EUR 24.2 million, while consolidated net income more than doubled. Consolidated EBITDA increased, despite the use of funds to implement the growth strategy, to EUR 3 million. The Company has raised its earnings forecast for the fiscal year 2013 in view of the positive business performance. Thanks to a number of new orders and production start-ups, such as for Porsche, the Company expect sales to achieve growth in the double-digit percentage range in the current 2013 financial year, said Mr. Ralf Zastrau, CEO of Nanogate AG 

Company Quote

39.995
0.363 +0.92%
4:07am EDT