Brief: va-Q-tec adjusts FY 2017 revenue and earnings forecast

va Q tec AG

15/11/2017 18:37

Nov 15 (Reuters) - Va Q Tec AG  VQTG.DE : 
    * DGAP-ADHOC: VA-Q-TEC ADJUSTS FY 2017 REVENUE AND EARNINGS 
FORECAST 
    * ADJUSTING ITS REVENUE AND EARNINGS FORECAST FOR 2017 
FINANCIAL 
YEAR 
    * VA-Q-TEC EXPECTS 2017 REVENUE GROWTH BETWEEN 28% AND 32% 
YEAR-ON-YEAR (PREVIOUS FORECAST: 35% - 40%) 
    * VA Q TEC AG - FOR EARNINGS BEFORE INTEREST, TAX, 
DEPRECIATION 
AND AMORTISATION IN 2017, ANTICIPATES  INCREASE COMPARED WITH 
PREVIOUS YEAR'S ADJUSTED EBITDA  
    * ADDITIONAL REVENUE SHORTFALLS OCCURRED IN Q4 2017 DUE TO 
EXTRAORDINARILY SEVERE HURRICANE DAMAGE IN PUERTO RICO 
    * IN CURRENT Q4 OF 2017, MANAGEMENT BOARD EXPECTS COMPANY 
TO 
ACHIEVE REVENUE GROWTH COMPARED WITH A PARTICULARLY STRONG Q4 
2016 
 
Source text for Eikon:  ID:nEQmm8DSa  
Further company coverage:  VQTG.DE  
 
 ((Bangalore.newsroom@thomsonreuters.com;))