- Q4 18 was weak, as a result of the reduction in workforce - management insists no further financing is required (on the condition that the transformation plan actually bears fruit) - the guidance for FY19 is modest and should be met - IFRS16 impact: c. +€15m in EBITDA, +€105-115m in debt - no big changes to expect in our numbers
20 Feb 2019
FY18 weak as expected. The transformation plan should start paying off.
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FY18 weak as expected. The transformation plan should start paying off.
Solocal Group (LOCAL:PAR) | 0 0 0.7% | Mkt Cap: 635.9m
- Published:
20 Feb 2019 -
Author:
Fabrice Farigoule -
Pages:
3
- Q4 18 was weak, as a result of the reduction in workforce - management insists no further financing is required (on the condition that the transformation plan actually bears fruit) - the guidance for FY19 is modest and should be met - IFRS16 impact: c. +€15m in EBITDA, +€105-115m in debt - no big changes to expect in our numbers