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Goldbach Group AG Issues FY 2012 Revenue Guidance Below Analysts' Estimates; Issues FY 2012 Profit Outlook


Tuesday, 21 Aug 2012 01:00am EDT 

Goldbach Group AG announced that for the fiscal year 2012, against a backdrop of continuing difficult conditions on the online market and sustained high demand in TV business, the Company expects turnover to be on a par with the previous fiscal year 2011, while the profit for the fiscal year 2012 is expected to be higher as a result of the implemented cost-cutting measures. For the fiscal year 2011 the Company reported revenue of CHF 446.03 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2012 revenue of CHF 472.60 million. 

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