Brief: Glunz & Jensen Holding Q1 EBITDA Ex-Items Falls To DKK 2.5 Mln

Glunz & Jensen Holding A/S

30/08/2018 11:04

Aug 30 (Reuters) - Glunz & Jensen Holding A/S  GJ.CO :
    * REG-Q1 2018/19 COMPANY ANNOUNCEMENT
    * SAYS Q1 RESULT OF FISCAL YEAR 2018/19 HAS NOT MET
EXPECTATIONS
    * FY GUIDANCE FOR GROUP REVENUE IS NOW REVISED TO 240
MILLION DKK
LEVEL
    * GLUNZ & JENSEN HOLDING FY EBITDA BEFORE NON-RECURRING,
INTEREST,
TAX, AMORTIZATION AND DEPRECIATION - AND ADJUSTMENT OF FAIR
VALUE ON PROPERTIES - REVISED TO 24 MILLION DKK LEVEL
    * Q1 REVENUE WAS 53,6 MILLION DKK (2017/18: 61,5 MILLION
DKK)
    * BOARD OF DIRECTORS HAS EXPRESSED DISSATISFACTION WITH Q1
2018/19
FINANCIAL RESULTS
    * Q1 EBITDA 2,5 MILLION DKK BEFORE NON-RECURRING ITEMS AND
FAIR
VALUE ADJUSTMENT ON INVESTMENT PROPERTIES (2017/18: 7,0 MILLION
DKK)
    * GLUNZ & JENSEN HOLDING - Q1 EBITDA NEGATIVELY IMPACTED BY
UNFORESEEN CHALLENGES IN START-UP, INITIAL CONSOLIDATION PROCESS
OF FLEXO EQUIPMENT OPERATION IN NYBORG
    * Q1 GROSS PROFIT MARGIN IS NEGATIVELY IMPACTED BY
ADDITIONAL 6
MILLION DKK RELATED TO INCREASED CONSOLIDATION COST IN FLEXO

Source text for Eikon:  ID:nGNELNDLy 
Further company coverage:  GJ.CO 

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