Brief: Santa Fe Group A/S Reports Net Loss Of EUR 69.9 Mln In 2018

Det Oestasiatiske Kompagni A/S

31/03/2019 21:32

March 31 (Reuters) - Santa Fe Group A/S  SFGR.CO :
    * REG-SANTA FE GROUP ANNUAL REPORT 2018 – COMPANY
ANNOUNCEMENT NO
5/2019
    * CONSOLIDATED REVENUE OF SANTA FE GROUP WAS EUR 214.2
MILLION IN
2018
    * 2018 REVENUE IN CONTINUING MOVING AND RELOCATION SERVICES
BUSINESSES DECREASED BY 10.2% IN LOCAL CURRENCIES TO EUR 213.9M
    * 2018 EBITDA BEFORE SPECIAL ITEMS REACHED EUR -1.0 MILLION
    * EXPECT 2019 REVENUE FOR CONTINUING BUSINESS TO DECLINE
    * NET LOSS IN 2018 OF EUR 69.9M (2017: NET PROFIT OF EUR
4.3M)
    * GROUP IS EMBARKING ON MAJOR RESTRUCTURING PROGRAMME, WHICH
CAN
HAVE A SIGNIFICANT IMPACT ON REVENUE, EBITDA FOR 2019

Source text for Eikon:  ID:nGNE1CgcxV 
Further company coverage:  SFGR.CO 

 ((Reuters.Briefs@thomsonreuters.com;))