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GILDEMEISTER Q3 Profit Up; Reaffirms FY12 Forecast - Quick Facts

GILDEMEISTER (ONAQ.L), on Thursday reported a rise in pre-tax profit for the third quarter to 34.5 million euros from 24.5 million euros prior year, while EBIT rose to 37.9 million euros from 34.0 million euros in the same year-ago quarter. Following the results, the company reaffirmed its full-year outlook.

For the quarter, sales climbed to 516.1 million euros in contrast to 419.7 million euros last year.

Looking ahead, the company continues to expect a pre-tax income of more than 110 million euros and a net income of more than 70 million euros on sales of more than 1.9 billion euros for 2012. The company added that it planned to pay a higher dividend for the year 2012 from the the previous year, owing to its positive outlook.

by RTTNews Staff Writer

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