Infratek ASA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Wright Reports
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Infratek ASA Lowers FY 2013 Financial Guidance
Infratek ASA announced that it has revised downwards its previously announced guidance for fiscal year 2013. Previously, the Company expected to report fiscal year 2013 total operating income of NOK 2,900 million and fiscal year 2013 EBIT of NOK 116 million, as well as fiscal year 2013 EBIT margin of 4%.The main reason is reduced profit in Sweden, both with declining margins and project losses. Furthermore, after a review by the Company, the estimate may also be negatively impacted by write downs of balance values including intangible and fixed assets. According to I/B/E/S estimates, analysts on average are expecting the Company to report fiscal year 2013 income of NOK 2,958.50 million and fiscal year 2013 EBIT of NOK 126 million.
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