Brief: Esprinet: Q3 Net Profit Down At Eur 2.1 Mln

Esprinet SpA

14/11/2018 07:41

Nov 14 (Reuters) - Esprinet SpA  PRT.MI :
    * REPORTED ON TUESDAY Q3 REVENUE OF EUR 771.6 MILLION VERSUS
EUR
690.8 MILLION A YEAR AGO
    * Q3 NET PROFIT WAS EUR 2.1 MILLION VERSUS EUR 2.7 MILLION A
YEAR
AGO
    * SAID CONFIRMS FORECAST FOR FY EBIT ADJUSTED FOR NON
RECURRING
UNFAVORABLE ITEMS, ALIGNED TO LOW RANGE OF TARGET OF EUR 39-41
MILLION PREVIOUSLY COMMUNICATED TO THE MARKET
    * SAID IN OCT. 2018 SALES GREW UP 20 PCT COMPARED TO SAME
PERIOD
OF 2017 (EUR 70 MILLION IN ABSOLUTE VALUE) 
    * SAID BACKLOG OF ORDERS TO SUSTAIN 'BLACK FRIDAY' AND
CHRISTMAS'
SALES IS CURRENTLY STRONG AND THIS SHOULD OUTGROW THE BUDGET OF
SALES FOR CURRENT QUARTER, PARTIALLY COUNTERBALANCING A GROSS
PROFIT MARGIN CURRENTLY BELOW CO'S EXPECTATIONS

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIAGGvFX
    
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