Brief: Meier Tobler Sees FY EBITDA Between CHF 25 AND CHF 28 Mln

Meier Tobler AG

26/10/2018 05:34

Oct 26 (Reuters) - Meier Tobler Group AG  METG.S :
    * PLANT CLOSURE OF KERAMIKLAND AG
    * THIS STEP WILL REDUCE NET INCOME FOR THE 2018 FINANCIAL YEAR IN THE LOW SINGLE-DIGIT
MILLIONS
    * FROM 2019, PLANNED CLOSURE OF FACILITY TO HAVE A POSITIVE EFFECT ON THE RESULT OF MEIER
TOBLER.
    * SALE OF REAL ESTATE USED BY KERAMIKLAND CAN REDUCE DEBT FINANCING BY MORE THAN CHF 10
MILLION
    * EXPECTS A DECLINE IN SALES OF BETWEEN 4.5 AND 6 PERCENT FOR THE CURRENT YEAR
    * EXPECTS EBITDA BETWEEN CHF 25 AND 28 MILLION FOR THE CURRENT YEAR
    * SEES THANKS TO SYNERGIES AND COST REDUCTIONS, EARNINGS IN 2019 CAN BE SIGNIFICANTLY
INCREASED

Source text - https://bit.ly/2PVDlDX
Further company coverage:  METG.S 

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