Brief: TIE Kinetix FY EBITDA down at 1.6 million euros

ER Capital Nv

15/11/2017 07:12

Nov 15 (Reuters) - TIE KINETIX NV  TIEH.AS : 
    * FY EBITDA EUR 1.6 MILLION VERSUS EUR 2.1 MILLION YEAR 
AGO 
    * FY REVENUE EUR 18.9 MILLION VERSUS EUR 20.3 MILLION YEAR 
AGO 
    * SAYS  THE DECLINE OF NONFLOW BUSINESS WILL CONTINUE IN FY 
2018 
    * SAYS IN FY 2018 SOME MARGIN PRESSURE MAY BE EXPECTED AS A 
RESULT 
OF OUR INCREASED MARKETING AND SALES EFFORTS 
    * FY NET LOSS EUR 2.5 MILLION VERSUS PROFIT OF EUR 41,000 
YEAR 
AGO 
 
Source text: http://bit.ly/2AHt0Du 
Further company coverage:  TIEH.AS  
 
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