Brief: Deceuninck H1 2018 Sales Increased 0.8% To 341.5 Million Euros

Deceuninck NV

17/08/2018 16:52

Aug 17 (Reuters) - DECEUNINCK NV  DECB.BR :
    * H1 2018 SALES INCREASED 0.8% TO € 341.5 MILLION
    * ADJUSTED EBITDA INCREASED TO € 36.1 MILLION (H1 2017: €
32.7
MILLION),
    * H1 NET PROFIT DECREASED TO € 7.5 MILLION (H1 2017: € 8.2
MILLION)
    * STRATEGIC INVESTMENTS ARE ON TRACK.
    * WE ANTICIPATE CONTINUED HEADWIND FROM RAW MATERIAL PRICES
AND
ADVERSE CURRENCY MOVEMENTS.
    * ALTHOUGH WE BELIEVE LONG TERM FUNDAMENTALS FOR TURKEY
REMAIN
SOLID WE TAKE INTO ACCOUNT THAT THERE MIGHT BE A SLOWDOWN IN H2
    * WE CONTINUE TO TAKE THE NECESSARY ACTIONS WHICH ARE
EXPECTED TO
RESTORE MARGINS OVER TIME.


Further company coverage:  DECB.BR 

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