Brief: Groupe Concoursmania revises down 2017 outlook

Klarsen SA

09/06/2017 06:38

June 9 (Reuters) - GROUPE CONCOURSMANIA SA  ALGCM.PA : 
    * SAID ON THURSDAY REVISING DOWN ITS 2017 OUTLOOK 
    * REVISES DOWN GUIDANCE FOR H1 2017 AND FY 2017 
    * EXPECTS MAY AND JUNE TO BE SIGNIFICANTLY WORSE COMPARED TO 
YEAR AGO 
    * NOW EXPECTING 2017 RESULT FROM OPERATING ACTIVITIES LOWER 
THAN THAT OF 2016 
    * COMMERCIAL DEPLOYMENT OF ITS NEW SOLUTION ACTIVATE TAKES 
MORE TIME THAN ANTICIPATED, IMPACTING COMPANY'S EXPECTED FY 
SALES FIGURES, BOTH IN TERMS OF GROSS MARGIN AND EBITDA 
    * GROUP EXPERIENCES SIGNIFICANT LAG IN ACTIVITY, DUE IN 
PARTICULAR TO DELAYS AND DIFFICULTIES ON IMPORTANT CONTRACTS AND 
PARTNERS, RESULTING IN A PARTICULARLY DISAPPOINTING SECOND HALF 
OF H1 
    * WILL ANNOUNCE NEW FY GUIDANCE BEGINNING OF JULY 
 
     
 Source text: http://bit.ly/2r8dMai 
 Further company coverage:  ALGCM.PA   
    
 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))