Brief: JDC Group 9-month EBIT Loss Widens To EUR 189 Thousand

JDC AG

22/11/2018 07:18

Nov 22 (Reuters) - JDC Group AG  A8AG.DE :
    * DGAP-NEWS: JDC GROUP AG: JDC GROUP AHEAD OF
TRANSFORMATIONAL
GROWTH PHASE, SIGNED LETTER OF INTENT TO ACQUIRE A COMPETITOR,
Q3 REVENUE UP 14%
    * 9-MONTH  SALES INCREASED BY AROUND 12 PERCENT, TO EUR 66.4
MILLION (9M 2017: EUR 59.5 MILLION)
    * EBITDA FELL SLIGHTLY IN FIRST NINE MONTHS TO EUR 1,945
THOUSAND
(9M 2017): EUR 2,285 THOUSAND)
    * 9-MONTH EBIT ALSO FELL SLIGHTLY YEAR-ON-YEAR, TO EUR -189
THOUSAND (9M 2017: EUR -30 THOUSAND)
    * FOR FY 2018 EXPECT REVENUES OF MORE THAN EUR 95 MILLION
AND
EBITDA OF AROUND EUR 3.5 TO 4 MILLION
    * ADDITIONAL INVESTMENTS WHICH WILL NOW BURDEN EARNINGS IN
SHORT
TERM ARE EXPECTED TO PAY OFF AS EARLY AS 2019

Source text for Eikon:  ID:nEQ3Qf9GFa 
Further company coverage:  A8AG.DE 

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