Brunel shares drop 17.5% on Q2 U.S. project loss

Brunel International NV

02/08/2019 11:36

** Shares in Dutch staffing company Brunel  BRUN.AS  drop
17.5% in Amsterdam, reaching lowest level since Jan. 7
    ** Brunel reported 0.5 million euros ($555,000) Q2 EBIT
loss, due to 5.5 mln euros project loss in U.S.
    ** ING analysts say outlook for 2019 weaker than expected
    ** KBC Securities downgrades rating for Brunel stock from
'accumulate' to 'hold', citing disappointing Q2 gross margin

($1 = 0.9016 euros)

 (Reporting by Bart Meijer)
 ((Bart.Meijer@thomsonreuters.com; +31 20 504 5006; Reuters
Messaging: bart.meijer@thomsonreuters.com))