Stada reports 50% net income decrease in Q3 2016 compared to same period last year

Stada reports 50% net income decrease in Q3 2016 compared to same period last year

November 10, 2016 Off By Dino Mustafić

Stada has reported financial results for first nine months 2016. 

Reported EBITDA increased by 3 percent to Euro 289.1 million in the first nine months of 2016 (1-9/2015: Euro 281.2 million). Adjusted EBITDA recorded a plus of 2 percent to Euro 300.6 million in this period (1-9/2015: Euro 293.8 million).

In the third quarter of 2016, the reported EBITDA declined by 11 percent to Euro 88.4 million (Q3/2015: Euro 99.8 million). Adjusted EBITDA decreased by 6 percent to Euro 98.3 million in this period (Q3/2015: Euro 104.6 million).

In the first nine months of 2016, reported net income rose by 11 percent to Euro 100.3 million (1-9/2015: Euro 89.9 million). Adjusted net income increased by 10 percent to Euro 139.9 million (1-9/2015: Euro 126.9 million).

In the third quarter of 2016, the reported net income decreased by 50 percent to Euro 18.3 million (Q3/2015: Euro 36.3 million). Adjusted net incomeincreased by 4 percent to Euro 43.8 million in this period (Q3/2015: Euro 41.9 million).