Elektrobit Oyj: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Elektrobit Oyj Updates on FY 2013 Financial Guidance and Issues H2 2013 Operating Profit Guidance
Elektrobit Oyj announced that for the fiscal year 2013 the Company expects its net sales to grow and operating result to be at the same level as it was in the fiscal year 2012 without non-recurring items. the Company's restated net sales for the fiscal year 2012 were EUR 173.9 million, and restated operating profit without non-recurring items was EUR 5.1 million for the period. According to I/B/E/S Estimates analysts on average are expecting Elektrobit to report revenue of EUR 196.67 million for the fiscal year. Additionally, the Company added that its operating result is expected to be clearly better in the second half (H2) than in the first half (H1) of 2013 due to higher product license sales during the latter half of the year and other seasonality factors in the Automotive Business Segment, and due to the cost saving measures in the first half in the Wireless Business Segment.
Latest Developments for Elektrobit Oyj
- Elektrobit subsidiary entered into settlement with Internal Revenue Service
- Elektrobit sees FY 2014 net sales and operating result to grow from FY 2013
- Elektrobit Oyj temporarily lays off 90 employees at the maximum, targeting cost savings of about 0.8 mln euros in Wireless Business Segment
- Elektrobit Oyj starts personnel negotiations to temporarily lay off 90 employees at the maximum, targeting cost savings of about 0.8 million euros in its Wireless Business Segment
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