May 17, 2017 / 6:20 AM / 3 months ago

BRIEF-IC Group Q3 2016/17 operating profit down at DKK 48 million

May 17 (Reuters) - IC GROUP A/S

* UPDATED OUTLOOK FOR FINANCIAL YEAR 2016/17

* Q3 2016/17 REVENUE DKK 739 MILLION VERSUS DKK 710 MILLION YEAR AGO

* EXPECTS A REVENUE GROWTH RATE OF 3-4% MEASURED IN LOCAL CURRENCY (PREVIOUSLY 5-6%) FOR FINANCIAL YEAR 2016/17

* Q3 2016/17 OPERATING PROFIT DKK 48 MILLION VERSUS DKK 87 MILLION YEAR AGO

* SAYS NUMBER OF INITIATIVES TO CLEAN-UP VARIOUS PARTS OF WHOLESALE AND RETAIL DISTRIBUTION WILL HAVE A NEGATIVE EFFECT ON EARNINGS

* EBIT MARGIN IS EXPECTED TO ATTAIN A LEVEL OF 4-5% (PREVIOUSLY 6-7%) FOR FINANCIAL YEAR 2016/17. Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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