Brief: Biesse Revises Down FY 2019 Guidance, Sees EBITDA Of EUR 62-65 Mln

Biesse

24/06/2019 07:58

June 24 (Reuters) - BIESSE  BSS.MI :
    * SAID ON FRIDAY BOARD REVISES DOWN FY 2019 GUIDANCE AS THE
FIRST
5 MONTHS OF 2019 HAVE SEEN A CONSIDERABLE SLOWDOWN OF DEMAND
    * EXPECTS FY 2019 CONSOLIDATED SALES IN A RANGE OF 680-690
MLN OF
EURO AND EBITDA IN A RANGE OF 62-65 MLN OF EURO DUE TO DEMAND
VOLATILITY
    * GROUP EXPECTS POSITIVE NET FINANCIAL POSITION DESPITE
REVISION
    * SAYS TARGETS ORIGINALLY FIXED FOR FY 2021 ARE EXPECTED TO
SHIFT
TO FY 2022 DUE TO "POLITICAL AND ECONOMIC INSTABILITY PERVADING
THE MARKETS"


    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA6hmLT6
    
 Further company coverage:  BSS.MI  
   


 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920))