Brief: Clabo Revises 2019 Estimates And Business Plan To 2020

Clabo SpA

21/11/2019 07:39

Nov 21 (Reuters) - Clabo SpA  CLAB.MI :
    * SAID ON WEDNESDAY REVISED THE 2019 AND 2020 ESTIMATES 
    * EXPECTS 2019 REVENUE OF EUR 54.5 MILLION AND 2019 EBITDA
BETWEEN
EUR 6.5 AND 7.2 MILLION COMPARED TO EBITDA OF EUR 8.3 MILLION
PREVIOUSLY 
    * SAID REDUCTION IN 2019 MARGINS IS DUE TO, AMONG OTHERS, 
INCREASE IN THE COST OF RAW MATERIALS IN THE USA AND INCREASE IN
US SALES CHARACTERIZED BY A LOWER AVERAGE MARGIN
    * SAID DUE TO THE MACRO-ECONOMIC CONTEXT OF COMMERCIAL
RELATIONS
BETWEEN CHINA AND THE USA IT POSTPONED LAUNCH OF "CONSERVAZIONE"
LINE, THAT INVOLVED NEW PRODUCTION LINE IN CHINESE PLANT OF EASY
BEST FOR PRODUCTS TO BE INTEGRATED INTO THE HMC BRAND LINE ON
THE US MARKET
    * EXPECTS 2020 PRODUCTION VALUE OF EUR 60.0 MLN, DOWN 9.1%
RESPECT
ESTIMATES INCLUDED IN 2018-2022 BUSINESS PLAN 
    * EXPECTS 2020 EBTDA EUR 8.7 MLN, DOWN 27.9% COMPARED TO
2018-2022
BUSINESS PLAN 
    * WITH THE APPROVAL OF 2019 FINANCIAL STATEMENTS WILL
COMMUNICATE
NEW 2020-2022 BUSINESS PLAN

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA4psT5Y
    
 Further company coverage:  CLAB.MI  
   


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