April 26, 2017 / 5:12 AM / 3 months ago

BRIEF-XXL Q1 EBITDA NOK 34 mln, below expectations

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April 26 (Reuters) - XXL ASA:

* Q1 TOTAL REVENUE NOK 1.71 BILLION (REUTERS POLL NOK 1.81 BILLION)

* Q1 EBITDA NOK 34 MILLION (REUTERS POLL NOK 51.9 MILLION)

* the Aim for 2017 Is 10-12 New Stores in Total.

* SAYS BOTH GROSS MARGIN AND EBITDA-MARGIN FOR GROUP WILL BE NEGATIVELY AFFECTED BY ESTABLISHMENT IN NEW MARKETS

* XXL WILL INVEST IN INFRASTRUCTURE, IT AND TRAINING FACILITIES. THESE INVESTMENTS ARE EXPECTED TO BE IN THE RANGE OF NOK 70-90 MILLION FOR 2017. Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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