Atria Group Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Provides Earnings Guidance for the Year 2016
For the first half, the company reported net sales of EUR 655.8 million compared to EUR 652.1 million a year ago. EBIT was EUR 7.8 million compared to EUR 9.1 million a year ago. Profit before taxes was EUR 4.5 million compared to EUR 4.4 million a year ago. Earnings per share were EUR 0.10 compared to EUR 0.11 a year ago. Adjusted EBIT was EUR 7.4 million compared to EUR 7.2 million a year ago. Profit for the period was EUR 3.2 million compared to EUR 3.1 million a year ago. Net cash flow from operating activities was EUR 9.7 million compared to EUR 18.5 million a year ago. Investing activities, tangible and intangible assets was EUR 21.9 million compared to EUR 22 million a year ago. Net debt as on June 30, 2016 was EUR 232 million.
In 2016, EBIT is expected to be better than in 2015. In 2016, net sales are expected to grow.