Brief: Glunz & Jensen Holding Q2 2016/17 EBITDA swings to loss DKK 0.8 mln
26/01/2017 13:45
Jan 26 (Reuters) - Glunz & Jensen Holding A/S GJ.CO :
* Q2 2016/17 net sales 70.6 million Danish crowns ($10.16
million) versus 76.4 million crowns year ago
* Q2 2016/17 EBITDA loss 0.8 million crowns versus profit
1.9 million crowns year ago
* Cuts 2016/17 EBITDA to loss 15 million crowns
* Cuts 2016/17 revenue to about 260 million crowns
* 2016/17 outlook cut due to restructuring costs
* Says implementation of restructuring plan is expected to
improve EBITDA at level of 35-40 million crowns in 2017/18, when
plan will be fully implemented
Source text for Eikon: ID:nCSE6Kl4
Further company coverage: GJ.CO
($1 = 6.9469 Danish crowns)
(Gdynia Newsroom)
((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))