Analyst Research

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Provider: Reuters Investment Profile
Provider: Wright Reports

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AS Creation Tapeten AG Lowers FY 2013 Guidance

Monday, 4 Nov 2013 02:10am EST 

AS Creation Tapeten AG announced that its projections for 2013 will probably not be met. Against the background of the business trend in the first nine months of 2013, the Managing Board assumes that the Group's projections for the full year 2013, which provided for consolidated sales revenues of between EUR 210 million and EUR 220 million and a net profit of between EUR 9 million and EUR 11 million, will probably not be met. The Managing Board expects A.S. Creation to generate consolidated sales revenues of between EUR 200 million and EUR 210 million and a net profit of EUR 5.0 million to EUR 6.5 million in 2013. The activities in Russia in the fourth quarter of 2013 and the rouble/euro exchange rate trend in the rest of the year will be the main factors influencing the Group's net profit. Accordingly, the earnings forecast for the full year 2013 remains subject to great uncertainty. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2013 revenue of EUR 208.00 million and net profit of EUR 9.00 million. 

Company Quote

26 Mar 2015