Brief: Progress Werk Oberkirch restructures Oberkirch location and gives outlook

PWO AG

09/12/2014 13:45

Dec 9 (Reuters) - Progress Werk Oberkirch AG  PWOG.DE  
    * Restructures Oberkirch location and gives an outlook for 
future business development 
    * For FY 2014 expects EBIT to be lower at 15 million to 16 
million euros 
    * Says for FY 2014 expects revenues of nearly 380 million 
euros 
    * In FY 2015 sees revenues of around 400 million euros and 
EBIT of around 19 million euros 
    * Provisions of 4 million euros will still be recognized in 
current fiscal year for socially compatible personnel 
adjustments of around 100 employees 
    * Says annual savings in staff and operating costs are 
expected to reach a total of at least 4 million euros 
 
Source text for Eikon:  ID:nEQ76pRJ8a  
Further company coverage:  PWOG.DE  
 
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Keywords: PROGRESS WERK/BRIEF