December 22, 2017 / 6:51 AM / in 9 months

BRIEF-ECA Cuts FY Revenue Guidance

Dec 22 (Reuters) - ECA SA:

* ECA GROUP: GUIDANCE UPDATE

* IS NOW EXPECTING 2017 REVENUE OF ABOUT €105 TO €110 MILLION (NOT INCLUDING PLANNED DISPOSAL)‍​

* PACE OF ORDERS RECEIVED THIS QUARTER WILL NOT ALLOW TO REACH THE FOURTH QUARTER’S AMBITIOUS REVENUE TARGET

* PACE OF ORDERS RECEIVED THIS QUARTER WILL NOT ALLOW TO REACH ANNUAL REVENUE TARGET.

* AIMS TO REDUCE ITS COSTS BY €4 MILLION PER YEAR

* IS WELL-POSITIONED FOR SEVERAL CALLS FOR TENDER‍​

* REMAINS CONFIDENT OF ITS COMMERCIAL OUTLOOK IN THE MEDIUM TERM Source text: bit.ly/2pafs2B Further company coverage: (Gdynia Newsroom:)

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