Brief: Fondia: 2019 Revenue To Remain At Previous Year's Level

Fondia Oyj

21/01/2020 06:37

Jan 21 (Reuters) - Fondia Oyj  FONDIA.HE :
    * SAID ON MONDAY PRELIMINARY FINANCIAL STATEMENTS INDICATE
THAT
CO'S TOTAL REVENUE FOR 2019 WILL REMAIN AT 2018 LEVEL
    * GROUP'S TOTAL REVENUE FOR 2019 IS ESTIMATED TO BE ABOUT
EUR 20.2
MILLION (2018: EUR 20.2 MLN)
    * REVENUE DEVELOPMENT, WHICH CO SAYS IT BELIEVES TO BE BELOW
MARKET EXPECTATIONS, IS IN PARTICULAR DUE TO LOWER PROJECT
REVENUES COMPARED TO PREVIOUS YEAR
    * NO CHANGES HAVE BEEN MADE TO MEDIUM-TERM OBJECTIVES

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr7YLFhP
 Further company coverage:  FONDIA.HE  
   


 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10))