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Provider: Reuters Investment Profile
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Mecelec SA Issues FY 2013 Revenue Guidance Below Analysts' Estimates; Closes Safeguard Procedure; Sells Fabregues Site


Tuesday, 14 May 2013 12:00pm EDT 

Mecelec SA announced that it is aiming for revenue of EUR 43 million in fiscal year 2013. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2013 revenue of EUR 47 million. The Company also announced that on April 24, 2013 it closed the safeguard procedure opened by the Commercial Tribunal of Aubenas in February 2010. In addition, the Company announced that it selling its Fabregues site and transferring the activities of its Vonges site to its sites at Mauves and St Geoirs. Financial terms of the sale were not disclosed. 

Company Quote

3.66
-0.08 -2.14%
24 Apr 2014