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4 months ago
BRIEF-Wilex posts FY net loss of 6.4 million euros
March 30, 2017 / 5:10 AM / 4 months ago

BRIEF-Wilex posts FY net loss of 6.4 million euros

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March 30 (Reuters) - Wilex AG:

* Financials in line with guidance

* Outlook for 2017: increase in sales revenue forecast; higher investments in proprietary atac pipeline

* Generated sales revenue and other income totaling 2.7 million euros ($2.90 million) in fiscal year 2016 (previous year: 3.9 million euros)

* FY net loss for year was 6.4 million euros (previous year: 6.6 million euros)

* Wilex group's FY operating result was -6.4 million euros in 2016 fiscal year (previous year: -6.5 million euros)

* Expects to generate between 4.0 million euros and 6.0 million euros in sales revenue and other income (2016: 2.7 million euros) for 2017 fiscal year

* Earnings before interest and taxes (EBIT) for 2017 fiscal year are projected to be between -6.0 million euros and -10.0 million euros (2016: -6.4 million euros) Source text for Eikon: Further company coverage: ($1 = 0.9301 euros) (Gdynia Newsroom)

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