Brief: IVU Traffic Technologies comments on FY outlook

Ivu Traffic Technologies AG

02/11/2016 11:52

Nov 2 (Reuters) - IVU Traffic Technologies AG  IVUG.DE : 
    * Will achieve targets set for 2016 as a whole, with revenue expected to significantly 
exceed planned 55 million euros ($61.04 million) while gross profit is expected to amount to 42 
million euros as planned 
    * However, net profit for year is negatively impacted by non-recurring effects due in 
particular to write-downs on foreign projects, primarily in Israel 
    * Currently anticipates a significant year-on-year decline in FY EBIT to around 1 million 
euros (2015: 4.9 million euros) 
    * Expects to see a return to good profit margins of previous years in financial year 2017 
already 
 
Source text for Eikon:  ID:nEQ98wpG6  
Further company coverage:  IVUG.DE  
 
($1 = 0.9010 euros) 
 
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