Jetter AG reports a positive quarter and good cash-flow
(PresseBox) (Ludwigsburg, )Jetter AG, Ludwigsburg, (ISIN: DE0006264005) publishes figures for the nine fiscal months ended 31 December 2012. In the third fiscal quarter ended 31 December 2012, the Jetter group could increase sales as expected and reach a positive result for the quarter. Sales for the nine months were 31.2 Mio. Euro, only 10 % less than in the previous year (34.8 Mio. Euro). EBIT was KEUR 141 for the quarter and KEUR -266 for the nine months (previous year: KEUR -337 for the quarter and KEUR 514 for the nine months). Earnings per share were EUR 0.05 for the quarter and EUR -0.06 for the nine months (previous year: EUR -0.10 for the quarter and EUR 0.17 for the nine months). Despite the lower result, the group enjoyed a markedly higher net inflow of cash from operating activities (KEUR 3,311) than the year before (KEUR -180). The main reason for this is the normalization of stock levels. Considering financing and investment activities as well, a total of KEUR 2,250 of liquidity flowed in (previous year: KEUR -1,918).
Management continues to expect a positive result for the fiscal year.