Brief: Masterflex Cuts 2018 Earnings Forecast

Masterflex SE

02/10/2018 14:34

Oct 2 (Reuters) - Masterflex SE  MZXG.DE :
    * ADJUSTS EARNINGS FORECAST 2018
    * ADJUSTING EXPECTATIONS FOR 2018 AS A WHOLE TO AN EBIT
MARGIN OF
8% TO 9%
    * PREVIOUS TARGET WAS TO CONFIRM PREVIOUS YEAR'S EBIT MARGIN
OF
9.5%
    * THIS IS DUE IN PARTICULAR TO A DELAY IN REVENUE
RECOGNITION
BASED ON UNBROKEN GOOD ORDER SITUATION
    * EXPECTS THAT IT WILL NOT BE POSSIBLE TO CLOSE EARNINGS GAP
COMPLETELY IN REMAINING THREE MONTHS OF 2018

Source text for Eikon:  ID:nEQ8vTQdSa 
Further company coverage:  MZXG.DE 

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