June 9, 2017 / 5:42 AM / a month ago

BRIEF-Groupe Concoursmania revises down 2017 outlook

1 Min Read

June 9 (Reuters) - GROUPE CONCOURSMANIA SA:

* Said on Thursday Revising Down Its 2017 Outlook

* Revises Down Guidance for h1 2017 and Fy 2017

* EXPECTS MAY AND JUNE TO BE SIGNIFICANTLY WORSE COMPARED TO YEAR AGO

* NOW EXPECTING 2017 RESULT FROM OPERATING ACTIVITIES LOWER THAN THAT OF 2016

* COMMERCIAL DEPLOYMENT OF ITS NEW SOLUTION ACTIVATE TAKES MORE TIME THAN ANTICIPATED, IMPACTING COMPANY'S EXPECTED FY SALES FIGURES, BOTH IN TERMS OF GROSS MARGIN AND EBITDA

* GROUP EXPERIENCES SIGNIFICANT LAG IN ACTIVITY, DUE IN PARTICULAR TO DELAYS AND DIFFICULTIES ON IMPORTANT CONTRACTS AND PARTNERS, RESULTING IN A PARTICULARLY DISAPPOINTING SECOND HALF OF H1

* Will Announce New Fy Guidance Beginning of July

Source text: bit.ly/2r8dMai Further company coverage: (Gdynia Newsroom)

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