Brief: Solocal Group Q3 Total Revenue Increases to 160 Million Euros

Solocal SE

24/10/2018 17:53

Oct 24 (Reuters) - SOLOCAL GROUP SA  LOCAL.PA :
    * Q3 TOTAL REVENUES: €160 MILLION, -9.8%
    * CONFIRMED 2018 GUIDANCE: STABILISATION OF RECURRING EBITDA
(€170M)
    * FURTHER COST REDUCTIONS AND FOCUS ON CASH TO SUPPORT THE
ABILITY
OF THE COMPANY TO SELF-FINANCE THE SOLOCAL 2020 PLAN
    * EXPECTS DIGITAL SALES TO RAMP UP OVER 2019
    * YEAR-TO-DATE 2018 TOTAL SALES AMOUNTED TO €445 MILLION
    * SEES BACK TO GROWTH FOR 2019 RECURRING EBITDA, THROUGH
DIGITAL
SALES GROWTH AND ADDITIONAL COST CUTTING
    * ORDER BACKLOG WAS €337 MILLION AS OF SEPTEMBER 30TH, 2018,
DOWN
-8%.

Source text: https://bit.ly/2yZa188
Further company coverage:  LOCAL.PA 

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