9M update: sales flat (+0.1%) at constant FX and scope of consolidation and excluding Venezuela. On reported figures, sales are up +5.4%. EBITDA is down 5.8% at constant FX and scope of consolidation and excluding Venezuela. For FY17, the group has lowered its guidance: it expects net revenue to increase by about 1%, at constant exchange rates and excluding the Venezuelan subsidiary, whereas EBITDA is expected to contract between -3% and -5%.
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9M: FY guidance cut
- Published:
10 Nov 2017 -
Author:
Anna Zyniewicz - Pages:
9M update: sales flat (+0.1%) at constant FX and scope of consolidation and excluding Venezuela. On reported figures, sales are up +5.4%. EBITDA is down 5.8% at constant FX and scope of consolidation and excluding Venezuela. For FY17, the group has lowered its guidance: it expects net revenue to increase by about 1%, at constant exchange rates and excluding the Venezuelan subsidiary, whereas EBITDA is expected to contract between -3% and -5%.