Brief: Sabaf sees 2019 sales rising to 160-165 mln euros after Q4 drop

Sabaf SpA

12/02/2019 12:15

Feb 12 (Reuters) - Sabaf SpA  SABF.MI :
    * 2018 NET PROFIT 15.6 MILLION EUROS UP 5.3 PERCENT
    * Q4 NET 3.2 MILLION EUROS DOWN 29.6 PERCENT
    * Q4 REVENUES 36.2 MILLION EUROS DOWN 3.3 PERCENT
    * SEES SALES RANGING FROM 160 TO 165 MILLION EUROS IN 2019
    * SEES 2019 EBITDA MARGIN AT MORE THAN 20 PERCENT
    * Q4 EBITDA 7 MILLION EUROS OR 19.5 PERCENT OF SALES
    * Q4 HIT BY WORSENING ECONOMIC CONDITIONS IN ITALY, TURKEY
AND
MIDDLE EAST DESPITE NORTH AMERICA STRENGTH

Source text for Eikon:  urn:newsml:reuters.com:*:nBIA1N5LwG
Further company coverage:  SABF.MI 

 (Reporting by Milan Newsroom)