Brief: Nixu Cuts Outlook For 2019

Nixu Oyj

25/11/2019 10:59

Nov 25 (Reuters) - Nixu Oyj  NIXU.HE :
    * CUTS REVENUE GROWTH OUTLOOK FOR 2019
    * EXPECTS FY REVENUE TO GROW ABOUT 25% FROM PREVIOUS
FINANCIAL
YEAR
    * PREVIOUS OUTLOOK: EXPECTS FY REVENUE TO GROW ABOUT 35%
FROM
PREVIOUS FINANCIAL YEAR
    * FY EBITDA IS EXPECTED TO IMPROVE FROM PREVIOUS FINANCIAL
YEAR,
EXCLUDING ANY RESTRUCTURING COSTS
    * REASON FOR OUTLOOK CUT IS A STRONGER-THAN-PREDICTED
DECLINE IN
REVENUE GROWTH ACROSS NIXU'S VARIOUS BUSINESSES
    * DECLINE IN REVENUES WILL ALSO AFFECT COMPANY'S EBITDA,
WHICH
WILL BE NEGATIVE FOR H2
    * 2019 OUTLOOK CUT DOES NOT AFFECT PREVIOUSLY ANNOUNCED
GROWTH
TARGETS FOR 2020-2024

Source text for Eikon:  ID:nWkr2bxctj 
Further company coverage:  NIXU.HE 

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