Brief: Linz Textil Holding: positive 2017 group result still possible

Linz Textil Holding AG

10/11/2017 07:14

Nov 10 (Reuters) - LINZ TEXTIL HOLDING AG  LTXV.VI : 
    * SAID ON THURSDAY IMPLEMENTATION OF PREVIOUSLY ANNOUNCED 
STRUCTURAL ADJUSTMENTS IN THE LINZ TEXTIL GROUP 
    * PRODUCTION IN SPINNING FACTORY LINZ TO BE WITHDRAWN BY THE 
END 
OF MAY 2018 AT THE LATEST 
    * DECOMMISSIONING OF THE SPINNING FACTORY IN LINZ AFFECTS 
ABOUT 30 
EMPLOYEES 
    * NEGATIVE ANNUAL RESULT FOR THE "TEXTILE SEMIFINISHED 
PRODUCTS" 
SEGMENT IS TO BE EXPECTED IN 2017, WHEREBY IT CAN BE ASSUMED 
THAT A POSITIVE RESULT WILL BE ACHIEVED AT GROUP LEVEL 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nPexsZ4wxa 
     
 Further company coverage:  LTXV.VI   
    
 
 
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