The group has revealed its order book has slowed in Q4, due to general order weakness across its customer base and later phasing from Q4’17 into Q1’18. Along with slightly higher production costs (Vietnam), EBITDA is now expected to be nil (vs $1m). However, $2m cost savings and a more margin focused approach to 2018, means FY18 EBITDA forecasts are left at $2m. The timetable to expand Ethiopia is unchanged but, of potentially great significance, BAGR announces it is in advanced talks with a glo ....
20 Nov 2017
N+1 Singer - Bagir Group - Slow Q4 but positives on costs and partnership talks
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N+1 Singer - Bagir Group - Slow Q4 but positives on costs and partnership talks
The group has revealed its order book has slowed in Q4, due to general order weakness across its customer base and later phasing from Q4’17 into Q1’18. Along with slightly higher production costs (Vietnam), EBITDA is now expected to be nil (vs $1m). However, $2m cost savings and a more margin focused approach to 2018, means FY18 EBITDA forecasts are left at $2m. The timetable to expand Ethiopia is unchanged but, of potentially great significance, BAGR announces it is in advanced talks with a glo ....