December 8, 2016 / 6:13 AM / 10 months ago

BRIEF-Fingerprint Cards lowers 2016 revenue forecast

Dec 8 (Reuters) - Fingerprint Cards Ab

* Fingerprint Cards adjusts its 2016 revenue forecast

* Says expects its revenues for 2016 to be in the range of 6600 - 6800 MSEK, which is lower than the previous forecast of 7200 - 7500 MSEK, communicated in conjunction with the interim report for the third quarter

* Says company’s revenue growth during Q4 has been lower than expected

* Says expected strong seasonality in Q4 did not occur, impacted mainly by earlier inventory build-up throughout supply chain

* Says shortages of certain other components, which have affected smartphone volumes negatively during quarter, and increased competition, also had a negative impact

* Says operating margin for 2016 is estimated to be about 40%

* Says expects that these factors also will impact revenues for Q1 2017 Source text for Eikon: Further company coverage: (Reporting by Stockholm Newsroom)

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