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Provider: Reuters Investment Profile
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Manitou Bf SA Issues FY 2013 Revenue Guidance Below Analysts' Estimates


Thursday, 18 Jul 2013 12:39pm EDT 

Manitou Bf SA announced that, regarding the general economic environment and the revaluation of euro currency, it has reconsidered its previous revenue guidance for fiscal year 2013. The Company expects to report for fiscal year 2013 a 5% decrease in revenue comparing to fiscal year 2012, what modifies the expected operating margin to be of approximately 2.5%. The Company reported for fiscal year 2012 a revenue of EUR 1,264.77 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report for fiscal year 2013 a revenue of EUR 1,241.86 million, what reflects a decrease of 1.81%. 

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