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BRIEF-Phoenix Mecano Q1 gross sales up at 161.2 mln euros

April 25 Phoenix Mecano AG:

* Says consolidated gross sales increased from 559.8 million euros to 583.2 million euros in FY ($633.71 million)(+4.2%)

* Says operating result (EBIT) increased from 15.0 million euros previous year to 34.5 million euros in 2016

* Unchanged dividend of 15 Swiss francs per share

* Says raise hope of an increased willingness to invest, at least in short term

* Sees 36-40 million euros as our target range for EBIT in 2017.

* Phoenix Mecano group's gross sales in Q1 of 2017 increased by 9.8% year-on-year to 161.2 million euros Source text for Eikon: Further company coverage: ($1 = 0.9203 euros) (Gdynia Newsroom)

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