Instead of a moderate full-year revenue increase, management now expects sales to fall slightly. Management’s ‘operating EBITDA’ is now projected at €570m (including some €10m from the first-time consolidation of Imaforni) instead of the previously given range of €645-715m (excluding the Imaroni effect). The 2015 number was €621m.
20 Oct 2016
Management blames clients for the profit warning
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Management blames clients for the profit warning
GEA Group Aktiengesellschaft (G1A:WBO) | 0 0 0.5% | Mkt Cap: 7,394m
- Published:
20 Oct 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
Instead of a moderate full-year revenue increase, management now expects sales to fall slightly. Management’s ‘operating EBITDA’ is now projected at €570m (including some €10m from the first-time consolidation of Imaforni) instead of the previously given range of €645-715m (excluding the Imaroni effect). The 2015 number was €621m.