EXFO sees 2015 sales weighed down by currency impact

QUEBEC CITY – EXFO Inc. ended fiscal 2015 on high note with net earnings of $5.3 million well above the $783,000 recorded in the previous year.The Canadian test and measurement maker said adjusted EBITDA for the fiscal year ended August 31, 2015 amounted to $13.8 million, or 6.2% of sales, compared to $14.4 million, or 6.2% of sales, in 2014. Sales dropped 3.8% to $222.1 million due to the currency impact. Sales in the Americas (-1.9%) and Asia-Pacific (+0.8%) regions were relatively stable year-over-year, while sales in Europe, Middle East and Africa (EMEA) decreased 10.5%. EXFO's largest customer accounted for 7.1%...