Brief: EAC Q3 EBIT down to DKK 41 million

Det Oestasiatiske Kompagni A/S

20/11/2014 07:48

Nov 20 (Reuters) - The East Asiatic Company Ltd A/S 
 OSTC.CO  
    * Q3 revenue 782 million Danish crowns versus 706 million 
crowns 
    * Q3 EBIT 41 million crowns versus 52 million crowns 
    * Q3 net loss 11 million crowns versus profit 2 million 
crowns 
    * Full-year outlook is adjusted 
    * EAC Group revenue is expected to be in the range of 2.48 - 
2.55 billion crowns following the increased activity levels in 
all regions in Q3 2014 (previously: 2.36 - 2.55 billion crowns) 
    * Sees 2014 EBITDA before special items at 90-100 million 
crowns (previously: 105-125 million crowns) 
    * Group EBITDA after restructuring costs is consequently 
expected to be in the range of 72-82 million crowns (previously: 
87-107 million crowns) 
 
Source text for Eikon:  ID:nCSE5zXj  
Further company coverage:  OSTC.CO  
 
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Keywords: THE EAST ASIATIC/BRIEF