Brief: Maxcom revises 2017 forecasts, sees net profit at 10 mln zlotys

MaxCom SA

16/11/2017 08:05

Nov 16 (Reuters) - Maxcom SA  MXC1.WA : 
    * SAID ON WEDNESDAY THAT IT HAS REVISED ITS FY 2017 
FORECASTS AND 
NOW SEES GROUP'S NET REVENUE OF 125 MILLION ZLOTYS, NET PROFIT 
OF 10 MILLION ZLOTYS AND EBITDA OF 13.2 MILLION ZLOTYS 
    * MAIN REASON BEHIND THE REVISION OF NEGATIVE EFFECT OF 
PLN/USD 
EXCHANGE RATIO, IMPACTING ITS ANNUAL NET RESULT BY 1.8 MILLION 
ZLOTYS 
    * EXPECTS THAT THE NEGATIVE EFFECT OF EXCHANGE RATIO IN Q4 
AND 
SUBSEQUENT PERIODS WILL BE MINIMAL 
    * THE REVISION WAS ALSO DUE TO RETURN OF NOKIA MOBILE 
PHONES, 
POSTPONING ORDERS FROM BIG CUSTOMERS; LONGER THAN EXPECTED 
IMPLEMENTATION OF NEW PRODUCTS 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM8WPyQBa 
     
 Further company coverage:  MXC1.WA   
    
 
 
 (Gdynia Newsroom) 
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