Brief: Campine FY result swings to 3.8 mln euros loss because of EU fine
24/02/2017 16:03
Feb 24 (Reuters) - Campine NV CAMB.BR :
* FY revenue 170.9 million euros ($180.69 million) versus 164.1 euros million year ago
* FY operating profit 1.6 million euros versus 2.5 million euros year ago
* Fy net loss (equity holders of parent) of 3.8 million euros versus profit of 1.0 million
euro year ago
* Due to the fine imposed by the European Commission the result for the year 2016 became
negative
* Campine says has received on 8 February, 2017 the decision of the European Commission
regarding an investigation into alleged infringement of competition rules in the purchasing
market of lead recycling
* Campine says commission issued a fine of 8.158.315 million euros to Campine
* Campine says in complete disagreement with the decision and investigates on all possible
action against this decision including an appeal in front of the general court of Luxembourg
* Campine says it will finance fine payment through new short term bank financing to be
obtained
* Hence the board of directors proposes that the company pays no dividend on the basis of
the 2016 result
* 2017 has started well in all BU's and perspectives look positive
Source text for Eikon: ID:nGNEb2JlB5
Further company coverage: CAMB.BR
($1 = 0.9458 euros)
(Gdynia Newsroom)
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