Brief: Lectra Q1 Earnings Below Company's Expectations

Lectra SA

29/04/2019 17:00

April 29 (Reuters) - LECTRA SA  LECS.PA :
    * Q1 REVENUES: EUR 67 MILLION (-3%)
    * Q1 INCOME FROM OPERATIONS: EUR 7.9 MILLION (-5%)
    * Q1 NET INCOME: EUR 5.7 MILLION (+6%)
    * SAYS Q1 EARNINGS LOWER THAN COMPANY EXPECTATIONS
    * SAYS YEARLY OBJECTIVES UNCHANGED
    * SAYS MANY COS, IN ALL LECTRA MARKET SECTORS, EXERCISED
GREATER
CAUTION, PROMPTING THEM TO DELAY THEIR INVESTMENT DECISIONS
    * SAYS FEARS OF SLOWER GROWTH ADDED TO BREXIT UNCERTAINTY,
US
TRADE WAR, AND OUTCOME OF TRADE NEGOTIATIONS WITH CHINA
    * SAYS MACROECONOMIC AND GEOPOLITICAL CONDITIONS REMAINED
CHALLENGING THROUGHOUT Q1
    * ON FY OBJECTIVES: MAIN UNCERTAINTY CONCERNS LEVEL OF
ORDERS FOR
NEW SYSTEMS
    * ORDERS FOR NEW SYSTEMS COULD CONTINUE TO BE AFFECTED
NEGATIVELY
BY UNCERTAIN MACROECONOMIC, GEOPOLITICAL, MONETARY ENVIRONMENT;
SLOWDOWN IN GLOBAL ECONOMIC GROWTH

Source text for Eikon:  ID:nGNE1FlgTT 
Further company coverage:  LECS.PA 

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