Brief: MCH Group Says Special Measures Lead To A Loss In 2017

MCH AG

16/02/2018 05:40

Feb 16 (Reuters) - MCH GROUP AG  MCHN.S : 
    * SPECIAL MEASURES LEAD TO A LOSS IN THE 2017 FINANCIAL 
YEAR 
    * LOSS DUE TO SPECIAL DEPRECIATIONS OF CHF -102.3 MILLION 
AND ALSO 
SPECIAL PROVISIONS OF CHF -17.7 MILLION 
    * SALES 2017 WERE INCREASED BY 12% COMPARED WITH THE 
PREVIOUS YEAR 
TO STAND AT CHF 493.3 MILLION 
    * EXPECTED FY GROUP PROFIT WITHOUT SPECIAL DEPRECIATIONS AND 
PROVISIONS IS APPROXIMATELY CHF 10.0 MILLION 
    * MCH GROUP -  IS ASSUMING THAT 2018 WILL BE DIFFICULT YEAR 
AGAIN, 
BUT IS EXPECTING POSITIVE RESULT FROM ORDINARY BUSINESS ACTIVIT 
    * MCH GROUP -  IS ASSUMING THAT EFFECTS OF STRATEGY 
IMPLEMENTATION 
WILL LEAD TO A POSITIVE DEVELOPMENT IN EARNINGS AS OF 2019 
 
Source text - http://bit.ly/2EtnGpC 
Further company coverage:  MCHN.S  
 
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