Q3 18 revenues, sales and order-book are quite significantly down because of the transformation plan (800 redundancies including 400 salesmen). The FY18 EBITDA target is not at risk thanks to cost-cutting. It remains to be seen if the group is able to redeploy its offer and grow again, as this is too early to harvest the first fruit of the new business plan.
25 Oct 2018
Q3 trading statement: make it or break it
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Q3 trading statement: make it or break it
Solocal Group (LOCAL:PAR) | 0 0 0.7% | Mkt Cap: 635.9m
- Published:
25 Oct 2018 -
Author:
Fabrice Farigoule -
Pages:
2
Q3 18 revenues, sales and order-book are quite significantly down because of the transformation plan (800 redundancies including 400 salesmen). The FY18 EBITDA target is not at risk thanks to cost-cutting. It remains to be seen if the group is able to redeploy its offer and grow again, as this is too early to harvest the first fruit of the new business plan.