Brief: STS Group FY Adjusted EBITDA Up Around 67 Pct To EUR 23.7 Million

STS AG

27/02/2019 06:33

Feb 27 (Reuters) - STS Group AG  SF3.DE :
    * DGAP-NEWS: STS GROUP AG: PROVISIONAL FIGURES FOR 2018
MATCH
FORECAST / CONSIDERABLE INCREASE IN EARNINGS EXPECTED IN 2019
AND PUBLICATION OF MEDIUM-TERM PLANNING UP TO 2023
    * REVENUE GREW BY AROUND 29% YEAR-ON-YEAR TO 401.2 MEUR IN
2018
(2017: 310.0 MEUR)
    * FY ADJUSTED EBITDA ROSE BY AROUND 67% YEAR-ON-YEAR TO 23.7
MEUR
(2017: 14.2 MEUR)
    * FORECAST 2019: ADJUSTED EBITDA AT LEAST AT PRIOR YEAR'S
LEVEL
(2018: EUR 23.7M)
    * FORECAST 2019: EBITDA INCREASED BY AT LEAST 100% (2018:
EUR
11.9M), REVENUE EXPECTED TO REMAIN AT PRIOR YEAR'S LEVEL
    * MEDIUM-TERM PLANNING UP TO 2023 WITH TARGET REVENUE OF AT
LEAST
500 MEUR AND TARGET EBITDA MARGIN OF AT LEAST 10%

Source text for Eikon:  ID:nEQ5YF2kXa 
Further company coverage:  SF3.DE 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))