December 8, 2016 / 4:44 PM / 10 months ago

BRIEF-Splendid Medien cuts 2016 outlook

Dec 8 (Reuters) - Splendid Medien AG :

* Is now assuming that the revised consolidated prognosis published on 18 August 2016 will no longer be achieved

* Expects consolidated sales in a range of 50 million euros ($53.06 million) to 53 million euros ($56.24 million) and a loss in EBIT in a range of -1.0 million to -1.5 million euros

* In November and in the beginning of December, Splendid Group recorded an unexpectedly weak business performance, particularly in the segment Content Source text for Eikon: Further company coverage: ($1 = 0.9424 euros) (Gdynia Newsroom)

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