March 8, 2018 / 3:14 PM / 3 months ago

BRIEF-Conviviality Expects FY Adj. EBITDA To Be About 20 Pct Below Market Expectations​

March 8 (Reuters) - Conviviality Plc:

* NOW EXPECTS THAT ADJUSTED EBITDA FOR CURRENT YEAR WILL BE APPROXIMATELY 20% BELOW CURRENT MARKET EXPECTATIONS​

* PREVIOUS GUIDANCE FOR NET DEBT OF APPROXIMATELY £150 MILLION FOR PERIOD ENDING 29 APRIL 2018 REMAINS UNCHANGED

* ‍MATERIAL ERROR IN FINANCIAL FORECASTS OF CONVIVIALITY DIRECT BUSINESS, EBITDA FOR CURRENT PERIOD WILL BE IMPACTED BY ABOUT £5.2 MILLION​

* PREVIOUSLY ANNOUNCED COST SAVING ACTIONS REMAIN FULLY ON TRACK.​ Source text for Eikon: Further company coverage:

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