December 20, 2016 / 5:23 PM / 8 months ago

BRIEF-Elica confirms FY 2016 performance objectives

Dec 20 (Reuters) - Elica SpA :

* Says in Q4 2016 it will be necessary to write-down obsolete stock which overall will result in non-ordinary charges of 1.6 million euros ($1.66 million), previously not foreseen by the company

* Confirms 2016 performance objectives which estimate an increase in net revenue between 2.5 pct and 3.5 pct and normalised EBIT margin greater than 3 pct Source text: www.1info.it Further company coverage: ($1 = 0.9625 euros) (Gdynia Newsroom)

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