Brief: Progress-Werk Oberkirch Q3 EBIT Before Currency Effects Down At EUR 4.2 Mln

PWO AG

30/10/2018 07:05

Oct 30 (Reuters) - Progress Werk Oberkirch AG  PWOG.DE :
    * DGAP-NEWS: PROGRESS-WERK OBERKIRCH AG: PWO PUBLISHES RESULTS FOR THE 2018 THIRD QUARTER
AND
NINE-MONTH PERIOD
    * 2018 FORECASTS CAN NOW BE MORE NARROWLY DEFINED
    * NEW BUSINESS OF EUR 270 MILLION IN FIRST NINE MONTHS SECURES GROUP'S FUTURE DEVELOPMENT
    * SAYS GROUP REVENUE IN Q3 FELL TO EUR 108.0 MILLION (P/Y: EUR 112.9 MILLION)
    * NOW SEES REVENUE IN 2018 TO INCREASE SOMEWHERE BETWEEN EUR 475 MILLION AND EUR 480 MILLION
    * SAYS Q3 EBIT BEFORE CURRENCY EFFECTS DECREASED TO EUR 4.2 MILLION (P/Y: EUR 6.4 MILLION)
    * EBIT FORECAST HAS NOW BEEN NARROWED TO A RANGE OF EUR 18 TO 19 MILLION FOR FY
    * SAYS Q3 NET INCOME AMOUNTED TO EUR 0.6 MILLION (P/Y: EUR 2.3 MILLION)
    * REDUCTION IN INVESTMENT TO EUR 35 MILLION SEEN TO LIMIT IMPACT OF WEAKER RESULTS ON
BALANCE
SHEET RATIOS

Source text for Eikon:  ID:nEQ9vC0jsa 
Further company coverage:  PWOG.DE 

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