January 3, 2017 / 10:31 AM / 7 months ago

BRIEF-Bavarian Nordic ups forecast for 2016 year-end cash preparedness

Jan 3 (Reuters) - Bavarian Nordic A/S :

* Upgrades expectations for 2016 year-end cash preparedness to about 2.30 billion Danish crowns ($322.22 million) from about 1.90 billion crowns

* Upgrade is primarily result of payments for IMVAMUNE deliveries, which were received earlier than expected and to minor extent increased USD exchange rate as well as deferred investments

* Maintains its expectations for 2016 revenues of about 1.00 billion crowns and break-even result before interest and tax Source text for Eikon: Further company coverage: ($1 = 7.1380 Danish crowns) (Gdynia Newsroom)

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