Brief: MND Anticipates Significant Decrease In FY Profitability

Montagne et Neige Developpement SA

31/07/2019 09:17

July 31 (Reuters) - MONTAGNE ET NEIGE DEVELOPPEMENT SA
 ALMND.PA :
    * ANTICIPATES A DECLINE IN SALES AND A SIGNIFICANT DECREASE
IN
PROFITABILITY FOR FY (ON A COMPARABLE BASIS OVER 12 MONTHS)
    * FIRM ORDER BOOK ALREADY RECORDED EUR 181 MILLION AT THE
END OF
JUNE 2019
    * NO LONGER EXPECTS SALES AND PROFITABILITY TARGETS FOR JUNE
2020
(€ 150 MILLION IN SALES AND 8% TO 10% OF CURRENT OPERATING
MARGIN FOR THE YEAR TO BE CLOSED END OF JUNE 2020)
    * UNABLE TO MAINTAIN THESE OBJECTIVES TO DATE, NOR TO
COMMUNICATE
NEW ONES
    * HAS ASKED EURONEXT TO SUSPEND LISTING OF SHARES ON THE
EURONEXT
GROWTH MARKET PENDING THE FINALIZATION OF DISCUSSIONS INITIATED
SEVERAL WEEKS AGO
    * IS FACING DELAYS IN CONTRACTS AND PROJECTS AND SEVERAL
MAJOR
DELAYS IN CUSTOMER SETTLEMENT

Source text for Eikon:  urn:newsml:reuters.com:*:nACT59670
Further company coverage:  ALMND.PA 

 (Gdynia Newsroom)
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