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BRIEF-Sabaf Q4 revenues down 1.5 pct at EUR 32.9 mln, 2017 off to positive start
February 14, 2017 / 11:50 AM / 7 months ago

BRIEF-Sabaf Q4 revenues down 1.5 pct at EUR 32.9 mln, 2017 off to positive start

Feb 14 (Reuters) - Sabaf SpA

* FY revenue 131 million euros ($139.16 million), down 5.1 percent year on year

* Q4 revenue 32.9 million euros, down 1.5 percent year on year

* Q4 net profit 2.7 million euros versus 1.3 million euros a year ago

* 2017 got off to a positive start and sales in the first quarter are expected to increase with double-digit growth compared with 2016

* For the whole of 2017, the group expects to be able to reach sales of around 140 million euros and increasing operating margins compared with 2016 Source text for Eikon: Further company coverage: ($1 = 0.9414 euros) (Gdynia Newsroom)

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