October 12, 2016 / 5:11 AM / 9 months ago

BRIEF-Fagron posts Q3 revenue of 103.4 mln euros, below Reuters poll

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Oct 12 (Reuters) - Fagron NV :

* Fagron realises turnover of 103.4 million euros ($115.8 million), below 106 million euros seen in Reuters poll

* Q3 revenue from continuing operations fell 1.1 percent to 103.4 million euros

* Expected that the Wichita facility will have received all required licences and will have completed the validation processes early 2017

* Based on the current operations, Fagron expects to realise a turnover of at least 415 million euros and REBITDA of 85-95 million euros for the FY 2016

* Negative impact of changed reimbursement system on turnover, profitability of freedom pharmaceuticals in US to result in substantial goodwill write-off during the impairment test in Dec. 2016 Source text for Eikon: Further company coverage: ($1 = 0.8928 euros) (Gdynia Newsroom)

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