Brief: Bastei Luebbe: unplanned write-down on intangible assets of its subsidiary oolipo

Bastei Luebbe AG

07/11/2017 09:00

Nov 7 (Reuters) - BASTEI LUEBBE AG  BST1.DE  
    * DGAP-ADHOC: BASTEI LÜBBE AG ANNOUNCES UNPLANNED WRITE-DOWN 
ON 
INTANGIBLE ASSETS OF ITS SUBSIDIARY OOLIPO AG 
    * NON-CASH WRITE-DOWN WILL EXTRAORDINARILY IMPACT EBIT IN 
Q2 OF 
CURRENT FY IN AMOUNT OF APPROX. EUR 3 MILLION 
    * STREAMING PLATFORM FOR READING CONTENT HAS FAR FROM 
REACHED 
EXPECTED AND NECESSARY USER NUMBERS 
    * WILL CONSIDER POSSIBILITY OF DIFFERENTLY USING OR 
EXPLOITING 
TECHNOLOGY DEVELOPED FOR THIS PURPOSE 
 
Source text for Eikon:  ID:nEQbDWFjza  
Further company coverage:  BST1.DE  
 
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