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BRIEF-Transtec says cuts 2016 forecast
September 29, 2016 / 3:57 PM / a year ago

BRIEF-Transtec says cuts 2016 forecast

Sept 29 (Reuters) - Transtec AG :

* Says cuts 2016 forecast

* Says now expects slight fall in sales in 2016 versus previous forecast for slight rise

* Says expects negative EBITDA due to special one-offs

* H1 revenues decreased by approximately 2 pct below the previous year. The preliminary operating result (EBITDA) of -1.1 million euros ($1.24 million) was significantly below expectations Source text for Eikon: Further company coverage: ($1 = 0.8896 euros) (Gdynia Newsroom)

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