Brief: Componenta Gives Guidance For 2019 And Is Planning Downscaling Activities

Componenta Oyj

14/03/2019 07:59

March 14 (Reuters) - Componenta Corp  CTH1V.HE :
    * COMPONENTA GIVES GUIDANCE FOR 2019 AND IS PLANNING
DOWNSCALING
ACTIVITIES
    * REDUCING ITS BUSINESS OPERATIONS AND HAS INITIATED ACTIONS
TO
REDUCE PERSONNEL.
    * PROFITABILITY OF COMPONENTA FRÄMMESTAD AB'S BUSINESS HAS
BEEN
CHRONICALLY WEAK,
    * AT THIS STAGE, ACCURATE NUMBER OF PERSONNEL CONCERNED
CANNOT BE
CONFIRMED
    * DIVESTMENT OF TURKISH FOUNDRY SUBSTANTIALLY WEAKENED
STRATEGIC
IMPORTANCE OF SWEDISH OPERATIONS
    * COMPONENTA EXPECTS CONTINUED OPERATIONS TO HAVE NET SALES
OF EUR
70 - 90 MILLION IN 2019
    * 2019 ADJUSTED EBITDA EXCLUDING ITEMS AFFECTING
COMPARABILITY IS
EXPECTED TO REMAIN POSITIVE

Source text for Eikon:  ID:nWkr3MykXp 
Further company coverage:  CTH1V.HE 

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