Brief: Villeroy & Boch Cuts 2019 Forecast

Villeroy & Boch AG

18/07/2019 07:03

July 18 (Reuters) - VILLEROY & BOCH AG  VIBG_p.DE :
    * ADJUSTS FORECAST FOR 2019 FINANCIAL YEAR
    * ADJUSTMENT OF FORECAST FOR FULL-YEAR 2019: SLIGHT DECLINE
OF
CONSOLIDATED REVENUE TO EUR 825-850 MILLION AND OPERATING RESULT
(EBIT) TO EUR 48-52 MILLION EXPECTED
    * H1 CONSOLIDATED REVENUE (EUR 393.2 MILLION) AND OPERATING
RESULT
(EUR 15.5 MILLION) UNDER PREVIOUS YEAR
    * EBIT FELL BY EUR 3.5 MILLION TO EUR 15.5 MILLION IN FIRST
HALF
OF 2019
    * NEGOTIATIONS REGARDING SALE OF FORMER PLANT PROPERTY IN
LUXEMBOURG LIKELY TO BE COMPLETED H2, EXPECTED TO RESULT IN HIGH
EIGHT-FIGURE INCOME

Source text for Eikon:  ID:nEQ19xnvRa 
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