Brief: 11 88 0 Solutions says adjusts 2016 forecast due to massive restructuring measure
27/12/2016 06:26
Dec 27 (Reuters) - 11 88 0 Solutions AG TGTG.DE :
* Said on Friday had adjusted its forecast due to massive
restructuring measure
* Now expects to close the financial year 2016 with an
EBITDA of around -2.9 million euros ($3.03 million)
* Expected EBITDA and in consequence also the segment
results have to be reduced mainly due to costs for adjusting the
organization to a new product and sales structure in December
2016
* This measure comprises a reduction of all administrative
units by nearly 100 out of 700 headcounts at all company
locations
Source text for Eikon: ID:nEQ6Ljswg
Further company coverage: TGTG.DE
($1 = 0.9574 euros)
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