Brief: Bastei Luebbe adopts dividend proposal for FY 2016/2017

Bastei Luebbe AG

27/07/2017 12:36

July 27 (Reuters) - BASTEI LUEBBE AG  BST1.DE : 
    * DGAP-ADHOC: BASTEI LÜBBE AG: SUPERVISORY BOARD AND MANAGEMENT BOARD ADOPT DIVIDEND 
PROPOSAL FOR 2016/2017 FINANCIAL YEAR 
    * FORECAST FOR 2017/2018 FY ENVISAGES RISE IN REVENUE TO AROUND EUR 160 MILLION AND 
SIGNIFICANT IMPROVEMENT IN EARNINGS, WITH EBITDA EXPECTED TO REACH EUR 14 MILLION TO EUR 17 
MILLION 
    * TEMPORARILY HOLDING BACK ON PAYING A DIVIDEND WILL SAFEGUARD COMPANY'S ABILITY TO FINANCE 
ITS OWN FUTURE-ORIENTED INVESTMENTS 
    * PURSUES GOAL OF GETTING BACK ON TRACK WITH ITS DIVIDENDS AS QUICKLY AS POSSIBLE 
 
Source text for Eikon:  ID:nEQ5jlFQ6a  
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