Rofin-Sinar saw its net sales rise
by one percent year-on-year in the first quarter of fiscal 2015, as
currency exchange rates held back the company's progress.
Net sales for Q1 totaled $122.4 million compared to the $121.2 million reported for the equivalent quarter twelve months ago, and fell outside the company's prior guidance.
Net income and earnings-per-share both improved under the same comparison: income rose to $6.2 million from $2.2 million, with EPS reaching $0.22 compared to $0.08 for the equivalent periods.
With some 70 percent of Rofin's revenues being in currencies other than US dollars, CEO Günther Braun noted that the results were damaged by exchange rate volatility. The strength of the dollar against the euro had accounted for a decrease of $7.1 million to the quarterly net sales number, he said.
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Net sales for Q1 totaled $122.4 million compared to the $121.2 million reported for the equivalent quarter twelve months ago, and fell outside the company's prior guidance.
Net income and earnings-per-share both improved under the same comparison: income rose to $6.2 million from $2.2 million, with EPS reaching $0.22 compared to $0.08 for the equivalent periods.
With some 70 percent of Rofin's revenues being in currencies other than US dollars, CEO Günther Braun noted that the results were damaged by exchange rate volatility. The strength of the dollar against the euro had accounted for a decrease of $7.1 million to the quarterly net sales number, he said.
Read more at Click here / www.trade4x.net
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