TECHEM - 4Q15/16 RESULTS
​Techem, Germany’s largest supplier of sub-meters, held yesterday a conference call on 4Q15/16 results (ended 31 March). In this crucial quarter (most billing activity takes place indeed in winter), Techem posted a good set of results, with sales of €280m, up 2.3% yoy, and EBITDA of €142m, up €4m. The good traction was fueled by the core German services activity (71% of sales) which grew 3%. Despite a saturated market for sub-meters, Techem keeps hiking prices in Germany by introducing more sophisticated devices. It is also successfully ramping up a range of smoke detectors, with a local installed base that has almost quadrupled from three years ago.
Spread Research is France's first Rating Agency, registered by ESMA (European Securities and Markets Authority) and a leading European Independent Credit Research firm, founded in 2004 and based in Lyon, France. Our experienced team offer key research services using a wide range of investment strategies and research methodologies for the High Yield, Emerging Markets, Convertibles and Loan Markets.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.