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BRIEF-Pierrel lowers its financial guidance for FY 2015-2016, sees FY 2015 EBITDA negative
March 12, 2015 / 11:37 AM / 3 years ago

BRIEF-Pierrel lowers its financial guidance for FY 2015-2016, sees FY 2015 EBITDA negative

March 12 (Reuters) - Pierrel SpA :

* Said on Wednesday that it adjusted it objectives and financial forecast for the FY 2015, 2016 and 2017

* Sees FY 2015 revenue of 35.2 million euros ($37.3 million) instead of previously estimated 39.2 million euros

* Sees FY 2015 EBITDA negative of 185,000 euros instead previously estimated EBITDA break even

* Sees FY 2016 revenue of 44.6 million euros instead of previously estimated 48.7 million euros

* Sees FY 2016 positive EBITDA of 5.1 million euros instead previously estimated positive EBITDA of 5.7 million euros

* Sees FY 2017 revenue of 50.7 million euros and FY 2017 EBITDA of 7.1 million euros

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