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BRIEF-Adesso Q1 EBITDA up 37 pct at 5.2 milion euros
May 26, 2017 / 2:55 PM / 7 months ago

BRIEF-Adesso Q1 EBITDA up 37 pct at 5.2 milion euros

May 26 (Reuters) - ADESSO AG:

* CONTINUES GROWTH PATH IN THE FIRST QUARTER 2017 INCREASING SALES AND OPERATING EARNINGS

* Q1 EBITDA: + 37 % TO EUR 5.2 MILLION

* Q1 GROUP SALES INCREASED BY 35 % TO EUR 75.7 MILLION (25 % ORGANIC)

* Q1 EARNINGS EBITDA GREW BY 37 % TO EUR 5.2 MILLION

* Q1 CONSOLIDATED PROFIT OF EUR 2.2 MILLION (Q1/2016: EUR 1.5 MILLION)

* OVERALL FORECAST FOR 2017 WITH SALES BETWEEN EUR 270 AND 300 MILLION AND EBITDA BETWEEN EUR 23 AND 27 MILLION CAN BE CONFIRMED

* DUE TO A LOW NUMBER OF POTENTIAL WORKING DAYS IN Q2, LOWER SALES AND PROFIT CONTRIBUTION IS EXPECTED FOR THAT PERIOD Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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