Frontier Smart has indicated that challenging trading conditions in Q2’18 have led to reduced expectations for FY’18. The group’s Digital Radio business is suffering from a period of short term de-stocking after weaker than expected retail sales in Norway in Q4’17. Additionally Smart Audio growth has been impacted by promotion of 1st party products, pushing out the expected demand increase for 3rd-party products. The combined effect is a 27% reduction in FY’18 revenue, resulting in EBITDA moving ....
23 May 2018
Challenging Q2’18 results in downgrades
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Challenging Q2’18 results in downgrades
Frontier Smart Technologies Group (FST:LON) | 0 0 (-0.3%)
- Published:
23 May 2018 -
Author:
Oliver Knott -
Pages:
3
Frontier Smart has indicated that challenging trading conditions in Q2’18 have led to reduced expectations for FY’18. The group’s Digital Radio business is suffering from a period of short term de-stocking after weaker than expected retail sales in Norway in Q4’17. Additionally Smart Audio growth has been impacted by promotion of 1st party products, pushing out the expected demand increase for 3rd-party products. The combined effect is a 27% reduction in FY’18 revenue, resulting in EBITDA moving ....