Kudelski Group announced its FY16 results with consolidated revenues of $1.1 billion and net income of $74.8 million, resulting in a net profit margin of 7%. The yearly results indicated a strong growth momentum in FY16 with both revenues and net profit increasing by 12.3% and 51.7% compared to FY15.
The largest business segment, Integrated Digital TV, saw revenues increasing by 10.5% in FY16, reaching $730.2 million, and segment operating income increasing by 19.3% to $99.4 million.
For FY17, the company expects similar growth in operations to achieve revenues in range of $1.15-2.00 billion but with a lower profitability rate.
