Brief: Sporttotal AG Adjusts Revenues And Earnings Forecast

SPORTTOTAL AG

21/06/2018 19:21

June 21 (Reuters) - Sporttotal AG  WIGGk.DE :
    * DGAP-ADHOC: SPORTTOTAL AG ADJUSTS REVENUES AND EARNINGS
FORECAST
    * HAS ADJUSTED ITS REVENUES AND EARNINGS FORECASTS FOR 2018
DUE TO
DELAYS IN VENUES DIVISION (RACE TRACK PROJECTS)
    * FOR FY 2018, MANAGEMENT NOW ANTICIPATES REVENUES OF
BETWEEN EUR
42 AND EUR 56 MILLION (PREVIOUSLY EUR 50 TO EUR 70 MILLION)
    * FOR 2019, MANAGEMENT CURRENTLY ANTICIPATES REVENUES OF EUR
70
MILLION TO EUR 80 MILLION WITH AN EBIT MARGIN OF 7% TO 9%

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