November 15, 2017 / 7:22 AM / 3 days ago

BRIEF-TIE Kinetix FY EBITDA down at ‍​1.6 million euros

Nov 15 (Reuters) - TIE KINETIX NV:

* FY EBITDA EUR ‍​1.6 MILLION VERSUS EUR 2.1 MILLION YEAR AGO

* FY REVENUE EUR 18.9‍​ MILLION VERSUS EUR 20.3 MILLION YEAR AGO

* SAYS THE DECLINE OF NONFLOW BUSINESS WILL CONTINUE IN FY 2018‍​

* SAYS IN FY 2018 SOME MARGIN PRESSURE MAY BE EXPECTED AS A RESULT OF OUR INCREASED MARKETING AND SALES EFFORTS

* FY NET LOSS EUR 2.5 MILLION VERSUS PROFIT OF EUR 41,000 YEAR AGO‍​ Source text: bit.ly/2AHt0Du Further company coverage: (Gdynia Newsroom)

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