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BRIEF-Hoftex Group cuts FY outlook
August 18, 2017 / 5:51 AM / a month ago

BRIEF-Hoftex Group cuts FY outlook

Aug 18 (Reuters) - HOFTEX GROUP AG:

* SAID ON THURSDAY BOARD OF MANAGEMENT IS REVISING ITS CURRENT FORECAST OF CONSOLIDATED NET PROFIT OF EUR 8.0 TO 9.0 MILLION FOR THE 2017 FINANCIAL YEAR AND NOW EXPECTS THIS TO BE IN THE RANGE OF EUR 5.5 TO 6.5 MILLION

* IS ASSUMING THAT THE PROJECTED GROUP TURNOVER OF AROUND EUR 195 MILLION FOR 2017 IS NOT EXPECTED TO BE REACHED AND NOW ESTIMATES IT TO BE EUR 185 - 190 MILLION

* H1 PRELIMINARY GROUP REVENUES OF EUR 96.3 MILLION (PREVIOUS YEAR: EUR 94.8 MILLION), EBITDA OF EUR 9.0 MILLION (PREVIOUS YEAR: EUR 11.0 MILLION)

* H1 PRELIM GROUP PROFIT OF EUR 3.0 MILLION (PREVIOUS YEAR: EUR 4.5 MILLION)

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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