Edition:
United Kingdom

Kaufman & Broad upgrades FY revenue guidance


Wednesday, 12 Jul 2017 

July 12 (Reuters) - KAUFMAN & BROAD SA ::REPORTED ON TUESDAY H1 REVENUE OF EUR 627.7 MILLION (+9.2%).H1 ADJUSTED EBIT: EUR 52.1 MILLION COMPARED WITH EUR 49.4 MILLION IN H1 2016.H1 ATTRIBUTABLE NET INCOME EUR 20.2 MILLION COMPARED WITH EUR 18.1 MILLION IN H1 2016.UPGRADE OF THE PROSPECTS FOR ANNUAL REVENUES.INCREASE IN REVENUE OVER THE 2017 FINANCIAL YEAR SHOULD BE AT LEAST 10%, WHILE THE GROSS MARGIN AND ADJUSTED EBIT RATIOS WILL REMAIN AROUND 19% AND 8.5%, RESPECTIVELY.NET FINANCIAL DEBT SHOULD AMOUNT LESS THAN EUR 80 MILLION IN 2017. 

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