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BRIEF-ALK raises 2016 guidance after better than expected Q4 sales
January 4, 2017 / 8:00 AM / 9 months ago

BRIEF-ALK raises 2016 guidance after better than expected Q4 sales

Jan 4 (Reuters) - ALK Abelló :

* Upgrades guidance as company continued to benefit from temporary and favourable competitive situation in Southern Europe

* Total FY revenue is now estimated at about 3 billion Danish crowns ($420.27 million), up from previously expected more than 2.9 billion crowns, Q4 growth is expected at about 10 pct (previously: “low organic growth”)

* FY revenue in base business is now expected to grow organically by about 25 pct in local currencies (previously: more than 20 pct)

* FY EBITDA before special items is now expected to be more than 700 million crowns (previously: more than 650 million crowns) Source text for Eikon: Further company coverage: ($1 = 7.1383 Danish crowns) (Gdynia Newsroom)

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