September 8, 2017 / 6:14 AM / 14 days ago

BRIEF-Wolford Q1 EBIT loss shrinks to EUR 7.22 mln

Sept 8 (Reuters) - WOLFORD AG:

* ‍Q1 ADJUSTED FOR CURRENCY ITEMS, REVENUES GREW BY 4.9% TO EUR 29.09 MILLION​

* ‍Q1 EBIT: EUR -7.22 MILLION; PREVIOUS YEAR: EUR -8.08 MILLION)​

* ‍Q1 EARNINGS AFTER TAX WERE ALSO AHEAD OF PREVIOUS YEAR‘S FIGURE (EUR -6.91 MILLION; PREVIOUS YEAR: EUR -8.03 MILLION)​

* ‍FOR CURRENT FINANCIAL YEAR HAS BUDGETED ONLY SLIGHT YEAR-ON-YEAR REVENUE GROWTH AND FURTHER NEGATIVE EARNINGS​

* EXPECTS TO GENERATE POSITIVE OPERATING EARNINGS ONCE AGAIN FROM 2018/19 ONWARDS​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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