Siegfried Holding AG Announces Earnings Results for the First Half Year 2016; Reaffirms Earnings Guidance for the Full Year 2016
The company reaffirmed earnings guidance for the full year 2016. For the year, as announced earlier, the company expects to report EBITDA of CHF 100 million before integration costs for the full 2016 financial year, particularly as the acquired BASF business in the past years reported an earnings surplus in the second half of the year. The company expects to report sales of over CHF 700 million. As anticipated, the operating result reflects the high expenses for the integration of the new sites. However, corresponding synergies are already noticeable and will show positive effects in the short to medium term.