04.11.2015

Stronger quarter for Bronto

Bronto has reported its third quarter results with higher revenues and improved profitability.

Looking first at the nine months to the end of September, total revenues were down almost nine percent to $76.6 million, largely due to currency factors – Bronto is based in Finland so its revenues in Euro translate into few dollars for its parent Federal Signal - However last year’s operating loss of $1.3 million was converted into a profit for the same period this year of $1 million. Year to date order intake is down 15 percent at $97 million.

Moving on to the third quarter, revenues improved by more than two percent - in spite of a $3.4 million negative exchange factor. Operating profits strengthened to $700,000 compared to a $200,000 loss in the same quarter last year.

Order intake jumped by 62 percent to $36.1 million taking the order book/backlog to $88.4 million, compared to $100.6 million this time last year. Although it is almost 18 percent higher than it was at the start of the year.

Vertikal Comment

All things said and done this is a decent result from Bronto, with the third quarter suggesting that it might end the year on a high note following some challenging times this year. No matter how well the final quarter goes, it will struggle to match the revenues achieved last year. But could well start the year well placed for a strong 2016.