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Affecto Plc Lowers FY 2013 Operating Profit Guidance and Maintains FY 2013 Net Sales Outlook


Thursday, 1 Aug 2013 04:00am EDT 

Affecto Plc announced that due to disappointing development of the order backlog in the second quarter, especially in June, the Company has lowered its fiscal year 2013 financial guidance. The Company's fiscal year 2013 net sales are still estimated to grow in 2013, but fiscal year 2013 operating profit is estimated to be near 2012 level. Earlier the Company forecasted both operating profit and net sales to grow in the fiscal year 2013. For the fiscal year 2012 the Company reported net sales of EUR 133.4 million and operating profit of EUR 10.5 million. According to I/B/E/S Estimates analysts on average are expecting Affecto to report revenue of EUR 140.33 million for the fiscal year 2013. 

Company Quote

3.09
-0.01 -0.32%
11:29am EDT