Brief: Componenta Q4 adjusted EBITDA swings to profit EUR 1.1 million

Componenta Oyj

30/03/2017 07:45

March 30 (Reuters) - Componenta Corp  CTH1V.HE : 
    * THE NET SALES AND OPERATING PROFIT OF CONTINUED OPERATIONS 
DECLINED. THE PROGRESS OF THE CORPORATE RESTRUCTURING PROCESS IN 
FINLAND AND SWEDEN WILL ENABLE TO RESTORE PROFITABILITY AND 
FUTURE DEVELOPMENT.  
    * IT IS NOT POSSIBLE TO PAY A DIVIDEND 
    * BELIEVES THAT CORPORATE RESTRUCTURING PROCEEDINGS WILL 
PROCEED FAVOURABLE 
    * EXPECTS NET SALES OF CONTINUED OPERATIONS TO BE EUR 
150-170 MILLION IN 2017 
    * 2017 EBITDA WITHOUT ITEMS AFFECTING COMPARABILITY IS 
EXPECTED TO BE EUR 5-10 MILLION. 
    * BECAUSE OF BANKRUPTCY PROCEEDINGS, COMPANY CONSIDERS THAT 
IT HAS LOST CONTROL OVER SUB-GROUP IN NETHERLANDS 
    * Q4 NET SALES FROM CONTINUING. OPERATIONS EUR 44.2 MILLION 
VERSUS EUR 52.7 MILLION YEAR AGO 
    * Q4 ADJUSTED. EBITDA EUR 1.1 MILLION VERSUS LOSS EUR 0.3 
MILLION YEAR AGO 
    * END-Q4 ORDER BOOK FROM CONTINUING OPERATIONS EUR 30.8 
MILLION VERSUS EUR 31.4 MILLION YEAR AGO 
 
Source text for Eikon:  ID:nHSU6QGW  
Further company coverage:  CTH1V.HE  
 
 (Gdynia Newsroom) 
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