Brief: Balta Group Q3 LfL Adjusted EBITDA Decreases 7%

Belysse NV

06/11/2019 06:42

Nov 6 (Reuters) - BALTA GROUP NV  BALTA.BR :
    * Q3 FINANCIAL UPDATE
    * Q3 CONSOLIDATED: REVENUE €155.6M +3.0%, ADJUSTED EBITDA
€17.3M
-7.0% ON A LIKE-FOR-LIKE BASIS, ADJUSTED EBITDA MARGIN 11.1%
    * REPORTED NET DEBT Q3 2019 OF €319.6M INCLUDES €42.2M
IFRS16
IMPACT
    * REMAIN ON TRACK FOR THE FULL YEAR 2019 GUIDANCE WE
PROVIDED IN
MARCH - CEO
    * IMPLEMENTING VARIOUS GROWTH, COST SAVING INITIATIVES
IDENTIFIED
IN NEXT, WHICH WILL START BENEFITING OUR RESULTS AND WILL
CONTRIBUTE SIGNIFICANTLY TO 2020 EARNINGS- CEO

Source text for Eikon:  urn:newsml:reuters.com:*:nNDL5NPVXv
Further company coverage:  BALTA.BR 

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