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BRIEF-Easy Software corrects profit and loss forecast for 2016
February 14, 2017 / 5:29 PM / 7 months ago

BRIEF-Easy Software corrects profit and loss forecast for 2016

Feb 14 (Reuters) - Easy Software AG:

* Corrects its profit and loss forecast for 2016

* A major reason for this deviation is postponing projects, both domestic and foreign, to 2017

* Additionally, company did not succeed in providing sufficient resources in SAP environment to serve all queries and contracts

* Also, UK’s brexit vote and Turkish political situation have had negative impact on income. Cloud business also fell short of expectations

* Based on temporary figures as of Dec. 31, 2016, management board now assumes that a deviation in operating EBITDA of -35% to -40% is to be expected for year 2016 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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