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Nio Inc Issues H2 2013 EBITDA Guidance; FY 2014 EBITDA Guidance in Line with Analysts' Estimates


Tuesday, 8 Oct 2013 02:31am EDT 

Nio Inc announced that the problems with payment providers earlier during 2013 have had a negative impact on the Company's overall operations. Therefore, the result for the fiscal year 2013 will not be satisfying, and the EBITDA for the second half (H2) of 2013 is expected to be somewhat lower than for the first half (H1) of 2013. However, with the controlled growth strategy, customer approach and expected return to more normal operational levels for the auction sites during the fourth quarter of 2013, EBITDA for the fiscal year 2014 is expected to be better than what was achieved in the fiscal year 2012 where the EBITDA was USD 9.4 million. According to I/B/E/S Estimates analysts on average are expecting Nio to report EBITDA of USD 18.60 million for the fiscal year 2014. 

Company Quote

0.48
-0.01 -2.04%
11 Jul 2014