Brief: Bastei Luebbe posts 2015/2016 net loss of 0.3 mln euros after change in measurement

Bastei Luebbe AG

19/10/2016 07:00

Oct 19 (Reuters) - Bastei Luebbe AG  BST1.DE : 
    * Consolidated revenue amounted to 104.9 million euros  
($115.15 million) in 2015/2016 financial year after 110.2 
million euros in previous year 
    * Consolidated earnings before interest, taxes, depreciation 
and amortisation (group EBITDA) amounted to 6.7 million euros in 
2015/2016 financial year compared with 10.4 million euros in 
previous year 
    * Adjustment meant that group earnings in 2014/2015 and 
2015/2016 financial years was 7.2 million euros and 7.9 million 
euros lower respectively 
    * Following change in measurement, net profit of bastei 
lübbe group for 2015/2016 financial year amounted to -0.3 
million euros after 3.0 million euros in previous year 
    * Expects consolidated revenue to increase significantly to 
eur 150-160 million in 2016/2017 financial year 
 
Source text for Eikon:  ID:nEQ5bp6vm  
Further company coverage:  BST1.DE  
 
($1 = 0.9110 euros) 
 
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