February 8, 2017 / 8:09 AM / 6 months ago

BRIEF-Planet Innovation Group lowers FY 2016 financial forecast

Feb 8 (Reuters) - Planet Innovation Group SA:

* Said on Tuesday that based on preliminary Q4 financial results decided to change its FY 2016 financial forecast

* Sees FY 2016 revenue of 3.9 million zlotys ($967,310) instead of previously expected 3.4 million zlotys

* Sees FY EBITDA 2016 of 174,000 zlotys instead of previously expected 1.1 million zlotys

* Said the change of financial forecast for FY 2016 is due to resignation from previous plans to purchase of new technology for implementation of further projects under the Start-Up Studio

* Said fluctuation in revenues in Q3 and Q4 allowed to realize higher revenue, but with lower levels of profitability

Source text for Eikon:

Further company coverage: ($1 = 4.0318 zlotys) (Gdynia Newsroom)

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