Brief: Componenta Lowers Guidance For Net Sales In 2019

Componenta Oyj

07/11/2019 13:53

Nov 7 (Reuters) - Componenta Corp  CTH1V.HE :
    * COMPONENTA LOWERS ITS GUIDANCE FOR 2019 NET SALES, DUE TO
SPECIFIED CLASSIFICATION OF COMPONENTA FRÄMMESTAD AB AS
DISCONTINUED OPERATIONS
    * IN ITS PREVIOUS GUIDANCE, COMPONENTA EXPECTED NET SALES TO
BE
EUR 55 - 65 MILLION IN 2019. EBITDA WAS EXPECTED TO REMAIN
POSITIVE.
    * EXPECTS NET SALES OF GROUP'S CONTINUED OPERATIONS FOR 2019
(INCLUDING KOMAS OY AS OF 1 SEPTEMBER 2019 BUT ENTIRELY WITHOUT
COMPONENTA FRÄMMESTAD AB) TO BE IN RANGE OF EUR 45 - 55 MILLION
AFTER INTRA-GROUP INCOME AND EXPENSES BETWEEN CONTINUED AND
DISCONTINUED OPERATIONS HAVE BEEN ELIMINATED IN THEIR ENTIRETY
    * GUIDANCE CONCERNING EBITDA REMAINS UNCHANGED, MEANING THAT
CORRESPONDING EBITDA IS EXPECTED TO REMAIN POSITIVE

Source text for Eikon:  ID:nWkr5HX8NH 
Further company coverage:  CTH1V.HE 

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