Brief: Sabaf Q3 Net Profit Down At EUR 3.3 Mln

Sabaf SpA

12/11/2019 11:44

Nov 12 (Reuters) - Sabaf SpA  SABF.MI :
    * Q3 TOTAL REVENUE EUR 41.4 MILLION VERSUS EUR 39.2 MILLION
YEAR
AGO
    * Q3 NET PROFIT EUR  3.3 MILLION VERSUS EUR 5.1 MILLION YEAR
AGO
    * FY 2019 EXPECTS EBITDA OF APPROX. € 28 MILLION
    * EXPECTS Q4 SALES REVENUE RANGING FROM EUR 42 MILLION TO
EUR 44
MILLION, COMPARED TO EUR 36 MILLION IN Q4 OF 2018
    * ECONOMIC TREND CONFIRMS  SIGNS OF RECOVERY IN TURKISH
MARKET,
WEAKNESS OF MIDDLE EAST AND AN UNEVEN TREND IN OTHER MAIN
MARKETS IN WHICH GROUP OPERATES
    * EXPECTS FY SALES REVENUE RANGING FROM EUR 158 MILLION TO
EUR 160
MILLION, COMPARED TO FY 2018 SALES OF EUR 150.6 MILLION

Source text for Eikon:  ID:nBIA34nynw 
Further company coverage:  SABF.MI 

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