Brief: Bastei Luebbe Q1 net loss widens to 1.7 mln euros

Bastei Luebbe AG

13/08/2015 07:04

Aug 13 (Reuters) - Bastei Luebbe AG  BST1.DE : 
    * 2015/2016 quarterly result: digital share in overall 
turnover rises to 32.4 percent 
    * Overall prospects for 2015/2016: large numbers of top 
titles ensure unchanged positive outlook 
    * Q1 group turnover grows moderately to 20.7 million euros  
($23.05 million)(Q1 2014/2015: 20.6 million euros) in accordance 
with expectations 
    * Q1 consolidated EBITDA is significantly above expectations 
at -0.5 million euros (Q1 2014/2015: 1.1 million euros) despite 
high investment in digital growth 
    * Net loss for period was 1.7 million euros in Q1 of 
2015/2016 (Q1 2014/2015: net loss of 0.1 million euros) 
    * Anticipates a slight increase in group revenue all in all 
for financial year 2015/2016 in comparison to previous year 
    * FY EBITDA is likely to be at lower levels in current 
financial year compared to previous year 
 
     
     
Source text for Eikon:  ID:nEQ1TH7xMa  
     
Further company coverage:  BST1.DE  
 
($1 = 0.8980 euros) 
 
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