Fenghua SoleTech AG
Fenghua SoleTech remains on its growth path
DGAP-News: Fenghua SoleTech AG / Key word(s): Preliminary Results Preliminary results 2015 Fenghua SoleTech remains on its growth path Frankfurt am Main, May 13, 2016 – Fenghua SoleTech AG (“Fenghua”) looks back on a successful financial year 2015. The group was able to further increase its revenues and EBIT. According to preliminary unaudited figures for the full financial year 2015, Fenghua SoleTech achieved further growth. Revenues increased by 15.6 per cent to 117.6 million Euros (2014: 101.8 million Euros). Thus revenues in 2015 exceeded the full-year prognosis, which anticipated for the full year 2015 revenues between 80 and 100 million Euros. Gross profit as well went up significantly by 26.7 per cent to 36.9 million Euros (2014: 29.1 million Euros), corresponding to an increased gross profit margin of 31.4 per cent (2014: 28.6 per cent). EBIT grew by 13.8 per cent to 31.4 million Euros. This equates to an EBIT margin of 26.6 per cent (2014: 27.1 per cent), which was in line with the estimated EBIT margin between 25 and 30 per cent given in the outlook of the annual report 2014. With regard to the current financial year the management of Fenghua assumes a similar positive financial development as in 2015. Revenues are anticipated to lie between 120 and 140 million Euros, while EBIT margin is expected to fall within a range between 26 and 30 per cent. From a strategic point of view Fenghua will continue to focus on the expansion of its business in China as well as on the enhancement of its product development capabilities. To achieve these aims Fenghua plans to enlarge and renovate the existing facilities, acquire new machines and equipment. Additionally the company intends to expand its production capacities by the acquisition of an appropriate shoes manufacturing company in the course of the year. The publication of the audited annual financial statements for the full financial year 2015 is delayed. The Annual General Meeting for the financial year 2014 is expected to be held in July or August 2016. Afterwards the audit procedures for the 2015 financial statements will take place. About Fenghua Fenghua was founded in 2004 and is a modern, technology-driven Chinese manufacturer of shoe soles. Fenghua produces more than 40 million pairs of shoe soles per year. Disposing of a dynamic research and development team, Fenghua is able to offer an own range of products. The soles manufactured by Fenghua are designed for performance sports shoes as well as for leisure and casual sports-inspired shoes targeting mid to high-end shoe producers in China and international brands. For further information, please contact: Or visit:
2016-05-13 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English | |
Company: | Fenghua SoleTech AG | |
Germany | ||
E-mail: | fenghua@kirchhoff.de | |
Internet: | www.fenghua-ag.de | |
ISIN: | DE000A13SX89 | |
WKN: | A13SX8 | |
Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart, Tradegate Exchange; Warschau | |
End of News | DGAP News Service |