Edition:
India

AS Creation Tapeten swings to operating loss of EUR 14.1 mln in 9mths


Thursday, 26 Oct 2017 

Oct 26 (Reuters) - AS CREATION TAPETEN AG ::DGAP-NEWS: A.S. CRÉATION TAPETEN AG: ANTI-TRUST PENALTIES WEIGH HEAVILY ON BOTTOM LINE.‍DECLINE IN REVENUES SLOWS DOWN NOTABLY IN Q3 2017​.‍AT EUR 109.4 MILLION, CONSOLIDATED SALES REVENUES FOR 9MTHS WERE DOWN BY 6.0%.‍OPERATING LOSS OF EUR -14.1 MILLION FOR FIRST NINE MONTHS OF 2017 (PREVIOUS YEAR: EUR +4.9 MILLION)​.‍ADJ FOR EXTRAORDINARY EFFECTS, 9MTH OPERATING RESULT DOWN FROM EUR 4.6 MILLION TO EUR -0.6 MILLION.‍EXPECTATIONS FOR FULL YEAR 2017 PUT IN MORE CONCRETE TERMS​.‍PROJECTS FY REVENUES OF BETWEEN EUR 138 MILLION AND EUR 143 MILLION​.SEES ‍EARNINGS AFTER TAXES OF BETWEEN EUR -16 MILLION AND EUR -19 MILLION FOR FULL YEAR 2017​.‍Q4 2017 IS EXPECTED TO BE INFLUENCED BY A CONTINUATION OF FIERCE COMPETITION FOR MARKET SHARE​. 

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