Aryzta has issued a profit warning following a very disappointing Q2 performance. The new FY guidance is: top-line growth is expected to be in the -2% to 1% range (vs. 1-2% previously), whereas the EBITA margin should be in the 9-10% range (11.5-12.5% previously). The group expects fully-diluted EPS to be 20% lower on a FY basis.
24 Jan 2017
Profit warning: very disappointing Q2 performance digs into profitability further
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Profit warning: very disappointing Q2 performance digs into profitability further
Aryzta AG (0MFY:LON) | 0 0 1.6% | Mkt Cap: 2,195m
- Published:
24 Jan 2017 -
Author:
Anna Zyniewicz -
Pages:
2
Aryzta has issued a profit warning following a very disappointing Q2 performance. The new FY guidance is: top-line growth is expected to be in the -2% to 1% range (vs. 1-2% previously), whereas the EBITA margin should be in the 9-10% range (11.5-12.5% previously). The group expects fully-diluted EPS to be 20% lower on a FY basis.