Brief: Elica Q3 net result turns to loss of EUR 3.8 mln after German unit sale

Elica SpA

13/11/2017 12:20

Nov 13 (Reuters) - ELICA SPA  ELC.MI : 
    * Q3 REVENUE EUR 114.9 MILLION VERSUS EUR 105.5 MILLION YEAR AGO 
    * Q3 NET LOSS EUR 3.8 MILLION VERSUS PROFIT EUR 0.5 MILLION YEAR AGO 
    * EXPECTS NEGATIVE FY 2017 NET RESULT, MAINLY DUE TO NEGATIVE IMPACT FROM DIVESTMENT OF 
GERMAN 
UNIT 
    * UPDATES FY 2017 TARGETS; ESTIMATES AN INCREASE IN CONSOLIDATED NET REVENUE OF 9% (PREVIOUS 
ESTIMATE +6.8%) 
    * EXPECTS IN FY 2017 INCREASE IN ADJUSTED EBITDA OF 13% (PREVIOUS ESTIMATE +8%) 
 
Source text for Eikon:  ID:nBIA65pXR9  
Further company coverage:  ELC.MI  
 
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