Brief: Brunel International Posts Q2 EBIT Loss, Sees FY EBIT Of 38-43 Mln

Brunel International NV

02/08/2019 06:54

Aug 2 (Reuters) - Brunel International NV  BRUN.AS :
    * EXPECTS FY REVENUE BETWEEN EUR 1,025 MILLION AND 1,075 MILLION (AND
NORMALIZED
EBIT BETWEEN EUR 43.5 MILLION AND EUR 48.5 MILLION
    * Q2 EBIT EUR 0.5 MILLION NEGATIVE DUE TO ONE-OFF LOSS OF 5.5 MILLION
    * Q2 GROSS PROFIT EUR 47.0 MILLION VERSUS EUR 48.7 MILLION YEAR AGO
    * OUTSIDE OF EUROPE, WE SEE PROJECT ACTIVITY AND OUR PIPELINE INCREASING
    * TAKING INTO ACCOUNT SOME PROJECT RAMP-UP TIME THIS WILL LEAD TO CONTINUED
GROWTH
IN REVENUE AND PROFITABILITY
    * Q2 REVENUE EUR 258.1 MILLION VERSUS EUR 221.3 MILLION YEAR AGO
    * EXPECTS RETURN TO PROFITABILITY IN COURSE OF SECOND HALF OF 2019
    * WE EXPECT FULL YEAR EBIT TO END UP BETWEEN 38 MILLION AND 43 MILLION

Source text: https://bit.ly/2KlEItL
Further company coverage:  BRUN.AS 

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