Brief: Robit Lowers Guidance For Year 2019

Robit Oyj

02/08/2019 06:04

Aug 2 (Reuters) - Robit Plc  ROBIT.HE :
    * REG-ROBIT PLC: ROBIT PLC LOWERS GUIDANCE FOR YEAR 2019
    * COMPANY'S EBITA PROFITAILITY FOR YEAR 2019 WILL BE
NEGATIVE
    * RELEASE OF CAPITAL TIED UP IN BUSINESS WILL BE LESS THAN
ORIGINAL TARGET
    * EBITA PROFITABILITY FOR YEAR 2019 WILL BE NEGATIVE DUE TO
WEAKER
THAN EXPECTED PROFITABILITY DEVELOPMENT IN FIRST HALF OF YEAR
    * EARLIER GUIDANCE FOR 2019: IN 2019, GOAL IS TO ACHIEVE
POSITIVE
EBITA PROFITABILITY AND SIGNIFICANT RELEASE OF CAPITAL TIED UP
IN BUSINESS
    * ALSO RELEASE OF CAPITAL TIED UP IN BUSINESS WILL BE LESS
THAN
ORIGINAL TARGET.

Source text for Eikon:  ID:nGNE4bGGLc 
Further company coverage:  ROBIT.HE 

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