Brief: Santa Fe Group Q1 Net Loss Narrows To EUR 5.4 Mln

Det Oestasiatiske Kompagni A/S

16/05/2019 11:35

May 16 (Reuters) - Santa Fe Group A/S  SFGR.CO :
    * Q1 REVENUE (CONTINUING OPERATIONS) EUR 43.5 MLN VS EUR
46.5 MLN
YR AGO
    * Q1 EBITDA BEFORE SPECIAL ITEMS (CONTINUING OPERATIONS)
LOSS EUR
0.1 MLN VS LOSS EUR 3.5 MLN 
    * Q1 NET LOSS EUR 5.4 MLN VS LOSS EUR 6.3 MLN YR AGO
    * SEES FY REVENUE FOR THE CONTINUING BUSINESS TO DECLINE. 
    * OVERALL MARKET FOR CORPORATE MOVING IS EXPECTED TO DECLINE
10-15% IN FY, COUNTERED BY GROWTH IN CO'S TARGET SEGMENTS
    * ADOPTION OF IFRS16 AS OF JAN 1, 2019 WILL HAVE ESTIMATED
POSITIVE IMPACT OF EUR 9 MLN ON REPORTED FY EBITDA
    * MAJOR RESTRUCTURING PROGRAMME CAN HAVE SIGNIFICANT IMPACT
ON FY
REVENUE AND EBITDA 

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNE8yYhw8
    
 Further company coverage:  SFGR.CO  
   


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