Brief: AS Creation Tapeten swings to operating loss of EUR 14.1 mln in 9mths

AS Creation Tapeten AG

26/10/2017 07:10

Oct 26 (Reuters) - AS CREATION TAPETEN AG  ACWNn.DE : 
    * DGAP-NEWS: A.S. CRÉATION TAPETEN AG: ANTI-TRUST PENALTIES 
WEIGH HEAVILY ON BOTTOM LINE 
    * DECLINE IN REVENUES SLOWS DOWN NOTABLY IN Q3 2017 
    * AT EUR 109.4 MILLION, CONSOLIDATED SALES REVENUES FOR 
9MTHS WERE DOWN BY 6.0% 
    * OPERATING LOSS OF EUR -14.1 MILLION FOR FIRST NINE MONTHS 
OF 2017 (PREVIOUS YEAR: EUR +4.9 MILLION) 
    * ADJ FOR EXTRAORDINARY EFFECTS, 9MTH OPERATING RESULT DOWN 
FROM EUR 4.6 MILLION TO EUR -0.6 MILLION 
    * EXPECTATIONS FOR FULL YEAR 2017 PUT IN MORE CONCRETE 
TERMS 
    * PROJECTS FY REVENUES OF BETWEEN EUR 138 MILLION AND EUR 
143 MILLION 
    * SEES EARNINGS AFTER TAXES OF BETWEEN EUR -16 MILLION AND 
EUR -19 MILLION FOR FULL YEAR 2017 
    * Q4 2017 IS EXPECTED TO BE INFLUENCED BY A CONTINUATION OF 
FIERCE COMPETITION FOR MARKET SHARE 
 
Source text for Eikon:  ID:nEQ1T9s6Ma  
Further company coverage:  ACWNn.DE  
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 722 0920;))