Brief: ePrice Approves 2019-2024 Business Plan, Proposes Rights Issue

EPH Invest SpA

01/10/2019 09:28

Oct 1 (Reuters) - ePrice SpA  EPRC.MI :  
    * SAID ON MONDAY APPROVED UPDATED GUIDELINES OF 2019-2024
BUSINESS
PLAN
    * CONFIRMED REVISES DOWN GUIDELINES FOR 2019 WITH RESPECT TO
THE
TARGETS ANNOUNCED IN MARCH 2019
    * AT EBITDA ADJUSTED LEVEL, THE UPDATED PLAN CALLS FOR A
WORSENING
OF 2019 COMPARED TO THE GUIDANCE GIVEN IN MARCH, WITH A NEGATIVE
EBITDA BUT WITH AN IMPROVEMENT VS. PREVIOUS YEAR
    * SEES BREAK-EVEN EBITDA FROM FY 2020
    * REVISED PLAN PROVIDES FOR CASH REQUIREMENT FOR ABOUT EUR
10 MLN
BY END-2020
    * EXPECTS BOOSTING EFFECT ON 2020-2021 ANNUAL GROWTH, DUE TO
NEW
B2B REVENUE LINES AND STRENGTHENING OF CO'S MARKETPLACE 
    * IN SUPPORT OF PLAN, BOARD WILL PROPOSE RIGHTS ISSUE FOR UP
TO
EUR 20 MLN
    * SAID COMMITMENTS TO SUBSCRIBE RIGHTS ISSUE ALREADY
COLLECTED FOR
EUR 10 MLN 


    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA4SmBgZ
    
 Further company coverage:  EPRC.MI  
   
    
    

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 7720920;))