Exacompta Clairefontaine Reports Consolidated Earnings Results for the Six Months Ended June 30, 2017; Provides Earnings Guidance for the Full Year of 2017
Exacompta Clairefontaine reported consolidated earnings results for the six months ended June 30, 2017. For the period, the company reported revenue of 294,764,000 against 294,761,000 a year ago. Sales of products were 291,325,000 against 291,742,000 a year ago. Operating income before good will impairment was 9,652,000 against 7,363,000 a year ago. Operating income after good will impairment was 9,652,000 against 8,226,000 a year ago. Net income after tax was 6,354,000 against 6,020,000 a year ago. Net income-group share was 6,354,000 or 5.62 per basic and diluted share against 6,080,000 or 5.37 per basic and diluted share a year ago. Net cash out flows from operating activities was 42,824,000 against net cash flow from operating activities of 48,531,000 a year ago. Purchase of fixed assets was 16,383,000 against 30,085,000 a year ago. Net income before tax 8,915,000 against 7,332,000 a year ago.
In the second half of 2017, commercial demand may decline, while the increase in paper pulp prices will have a substantial impact on margins. Full-year operating income may drop below the 17,264,000 posted in 2016.