Brief: Pierrel sees 2017 revenue at EUR 16 mln, EBITDA at EUR 0.2 mln

Pierrel SpA

12/10/2017 07:29

Oct 12 (Reuters) - PIERREL  PRL.MI : 
    * SAID ON WEDNESDAY UPGRADES ITS FY 2017 REVENUE GUIDANCE TO 
EUR 16 MLN FROM EUR 15.6 MLN, CHANGES FY 2017 EBITDA GUIDANCE TO 
EUR 0.2 MLN FROM EUR 0.5 MLN EXPECTED BEFORE 
    * SEES REVENUE OF EUR 18.3 MLN IN FY 2018, EUR 20.9 MLN IN 
FY 2019 AND EUR 23.0 MLN IN FY 2020 
    * SEES EBITDA OF EUR 1.8 MLN IN FY 2018, EUR 2.6 MLN IN FY 
2019, EUR 3.4 MLN IN FY 2020 
    * REPORTED H1 REVENUE OF EUR 6.0 MLN VS EUR 6.3 MLN YEAR AGO 
    * H1 NET LOSS OF EUR 4.5 MLN VERSUS PROFIT EUR 5.9 MLN YEAR 
AGO 
    * WILL PROPOSTE TO ITS SHAREHOLDERS TO APPROVE SHARE CAPITAL 
INCREASE FOR UP TO EUR 35 MLN TO BE EXCECUTED BY DEC. 2018 
    * TO GENERATE NET CASH OF NOT LESS THAN EUR 5.2 MLN FROM 
CAPITAL INCREASE 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA1xsPmD 
     
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