Brief: Elica confirms FY 2016 performance objectives
20/12/2016 17:13
Dec 20 (Reuters) - Elica SpA ELC.MI :
* Says in Q4 2016 it will be necessary to write-down obsolete stock which overall will
result in non-ordinary charges of 1.6 million euros ($1.66 million), previously not foreseen by
the company
* Confirms 2016 performance objectives which estimate an increase in net revenue between 2.5
pct and 3.5 pct and normalised EBIT margin greater than 3 pct
Source text: www.1info.it
Further company coverage: ELC.MI
($1 = 0.9625 euros)
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