Plus   Neg

Stratec Q4 Earnings Climb, Lifts Dividend; Sees Growth In FY21 Margin, Sales

Stratec SE (SBSG), a manufacturer of automated analyzer systems, reported Wednesday that its fourth-quarter earnings per share climbed 76.1 percent to 0.81 euro from last year's 0.46 euro.

Adjusted net income was 11.45 million euros, compared to 8.14 million euros a year ago. Adjusted earnings per share were 0.95 euro, compared to 0.68 euro last year.

Adjusted EBIT climbed 46.6 percent year-over-year to 13.59 million euros, and adjusted EBIT margin grew 250 basis points to 19.1 percent.

Adjusted EBITDA grew 35.8 percent to 16.16 million euros and adjusted EBITDA margin improved 150 basis points to 22.8 percent.

Sales for the quarter increased 27.2 percent to 71.02 million euros from last year's 55.82 million euros.

Further, the company's Board of Management will propose a dividend distribution of 0.90 euro per share for approval at this year's Annual General Meeting, higher than previous year's 0.84 euro, citing strong results and the positive growth prospects.

Looking ahead for fiscal 2021, the company projects adjusted EBIT margin around 17.0 percent to 18.0 percent, up from last year's 16.7 percent.

STRATEC expects to generate constant-currency sales growth in at least a mid single-digit percentage range in the 2021 financial year.

In the first half of 2021, STRATEC is witnessing further growth in demand for many of its product lines.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Alaska Airlines is set to use sustainable aviation fuel (SAF) made from municipal solid waste following a partnership with SkyNRG Americas, claimed to be the pioneer and global leader for SAF. Alaska Airlines is one of the most fuel-efficient airlines in the U.S. with a strong commitment to sustainability. Discount retailer Dollar General said it is planning to hire up to 20,000 new employees this spring. The company will host in-person and virtual hiring events from April 19 through April 23 to support ongoing efforts across store, distribution, transportation and corporate operations. The retailer provided a comprehensive list of hiring events and available positions on its Careers website. Wells Fargo & Co. (WFC) on Tuesday reported net income applicable to common stock of $4.74 billion or $1.05 per share for the first quarter, sharply higher than $653 million or $0.01 per share in the year-ago quarter. Revenue for the quarter increased 2 percent to $18.06 billion from $17.72 billion...
Follow RTT