Brief: Koninklijke Brill Reports Q3 Sales And Revises Outlook For 2018

Koninklijke Brill NV

31/10/2018 17:19

Oct 31 (Reuters) - KONINKLIJKE BRILL NV  BRIL.AS :
    * REPORTS DISAPPOINTING SALES IN Q3 AND REVISES OUTLOOK FOR
2018
    * Q3 PRINT BOOK SALES IN EUROPE AND ASIA SHOWED A DECLINE OF
APPROXIMATELY 10% COMPARED TO Q3 2017 AS A RESULT OF LOWER
MARKET DEMAND
    * JOURNAL SALES IN Q3 WERE SIGNIFICANTLY BEHIND LAST YEAR’S
THIRD
QUARTER DUE TO PHASING OF PUBLICATION OF JOURNAL ISSUES
    * REVISES ITS REVENUE OUTLOOK TO A MARGINAL DECLINE VERSUS
LAST
YEAR OF AROUND 1% TO 2%
    * CURRENTLY EXPECTS AN EBITDA LEVEL THAT IS APPROXIMATELY
20% TO
25% BELOW THE 2017 LEVEL
    * COST SAVING INITIATIVE THAT WAS LAUNCHED THIS SUMMER TO
STRUCTURALLY IMPROVE PROFIT IN 2019-2020 RUNS ACCORDING TO PLAN

Source text for Eikon:  ID:nNDLc75NF 
Further company coverage:  BRIL.AS 

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