Brief: Hoftex Group cuts FY outlook

Hoftex AG

18/08/2017 06:50

Aug 18 (Reuters) - HOFTEX GROUP AG  NBHG.MU : 
    * SAID ON THURSDAY BOARD OF MANAGEMENT IS REVISING ITS 
CURRENT FORECAST OF CONSOLIDATED NET PROFIT OF EUR 8.0 TO 9.0 
MILLION FOR THE 2017 FINANCIAL YEAR AND NOW EXPECTS THIS TO BE 
IN THE RANGE OF EUR 5.5 TO 6.5 MILLION 
    * IS ASSUMING THAT THE PROJECTED GROUP TURNOVER OF AROUND 
EUR 195 MILLION FOR 2017 IS NOT EXPECTED TO BE REACHED AND NOW 
ESTIMATES IT TO BE EUR 185 - 190 MILLION 
    * H1 PRELIMINARY GROUP REVENUES OF EUR 96.3 MILLION 
(PREVIOUS YEAR: EUR 94.8 MILLION), EBITDA OF EUR 9.0 MILLION 
(PREVIOUS YEAR: EUR 11.0 MILLION) 
    * H1 PRELIM GROUP PROFIT OF EUR 3.0 MILLION (PREVIOUS YEAR: 
EUR 4.5 MILLION) 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEQ52jL7ya 
     
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