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Benefiting from a solid performance in Europe and significant growth in Asia, the Simona Group's sales rose by 8.3% Year on Year (YoY) in 2017 third quarter to €100.7 million.

For the first nine months of 2017, sales grew 7.2% to €300.9 million (2016 nine months: €280.7 million).

As for the individual product categories, the Group saw a substantial upturn in revenue within the area of Semi-Finished and Finished Parts in 2017. This was attributable primarily to its performance in the application fields of chemical tank and equipment engineering, mechanical engineering and aviation.

Overall, the Pipes and Fittings division also recorded slight growth. This was driven mainly by positive developments in the market for industrial applications.

"We are satisfied with the direction taken by sales revenue in the third quarter. Provided we are not confronted with any exceptional events, we are confident that we can achieve sales revenue of €385-395 million in the financial year as a whole. Earnings have been adversely affected by foreign currency effects. Despite this, we anticipate that we will be in a position to achieve our EBIT target of €25-30 million at the lower end of the guidance range," said Wolfgang Moyses, CEO of Simona AG.

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