Propulsion & power providers Tognum confirm 2012 forecast in financial report ended 30, September.
Highlights:
• Solid order intake at €2,296.3 million in the first nine months
• Revenues increase to €2,092.7 million
• Adjusted EBIT margin of 8.8%
• Full year 2012: forecast confirmed
The adjusted EBIT margin is expected to be at around ten per cent by the end of the year, while the company expects to see revenue growth in the lower single-digit percentage range.
“The global economy cooled down further in the third quarter. As a result of our good order backlog, however, we are aiming for a fourth quarter slightly above last year’s level and therefore, from today’s perspective, we confirm our revenue and profit targets,” explained Joachim Coers, CEO of Tognum AG. “The fourth quarter, however, will be real challenge for the entire company.”
Order intake and revenues :
Order intake at the end of the first nine months of the year was on a solid level at €2,296.3 million (Q1-Q3 2011: €2,382.3 million). Revenues were up 1.7% compared with the same period last year to €2,092.7 million (Q1-Q3 2011: €2,057.7 million).