Brief: MCH Group Expects Negative Result Of At Least 14 Mln SFr

MCH AG

03/12/2018 06:11

Dec 3 (Reuters) - MCH Group AG  MCHN.S :
    * UPDATED ITS PROJECTION FOR 2018 FINANCIAL RESULT
    * EXPECTS A NEGATIVE RESULT PRIOR TO SPECIAL MEASURES OF AT
LEAST
CHF 14 MILLION
    * PRIME REASONS FOR DETERIORATION IN EXPECTED RESULT
COMPARED WITH
FORECAST MADE IN SEPTEMBER 2018 ARE DECLINES IN CONSUMER FAIRS
OF ZÜSPA AND COMPTOIR SUISSE AND FINAL ACCOUNTS FOR GRAND BASEL
    * MCH GROUP IS EXPECTING PROVISIONS FOR RESTRUCTURING COSTS
IN
RANGE OF CHF 30 - 40 MILLION IN 2018 FINANCIAL YEAR

Source text for Eikon:  urn:newsml:reuters.com:*:nNDL44w2K5
Further company coverage:  MCHN.S 

 (Reporting by Berlin Speed Desk)
 ((berlin.newsroom@thomsonreuters.com; +49 30 2888 5156;))