Brief: Santa Fe Group Downgrades Outlook For 2018

Det Oestasiatiske Kompagni A/S

20/07/2018 13:53

July 20 (Reuters) - SANTA FE GROUP A/S  SFGR.CO :
    * REG-SANTA FE GROUP REVISES THE OUTLOOK FOR 2018 – COMPANY
ANNOUNCEMENT NO 7/2018
    * SANTA FE GROUP'S CONSOLIDATED REVENUE IS NOW EXPECTED TO
BE
AROUND EUR 270M (PREVIOUSLY AROUND EUR 295M)
    * 2018 CONSOLIDATED EBITDA BEFORE SPECIAL ITEMS IS NOW
EXPECTED TO
BE AROUND EUR 0M (PREVIOUSLY AROUND EUR 6.3M).
    * FY SPECIAL ITEMS ARE EXPECTED TO BE A NET GAIN OF AROUND
EUR 5M
(IN LINE WITH PREVIOUS EXPECTATIONS)
    * SAYS REVISED OUTLOOK IS CLEARLY VERY UNSATISFACTORY
    * SAYS WE ARE LAUNCHING INITIATIVES TO ADAPT, TO RE-GENERATE
REVENUE GROWTH AND REDUCE COST
    * "WE CONTINUE TO SEE GROWTH IN RELOCATION SERVICES AND IN
FOCUS
SEGMENTS" - CEO
    * "WE ARE LAUNCHING INITIATIVES TO ADAPT, TO RE-GENERATE
REVENUE
GROWTH AND REDUCE COST." - CEO

Source text for Eikon:  ID:nGNE4ZHm5W 
Further company coverage:  SFGR.CO 

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