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Provider: Wright Reports
Provider: Reuters Investment Profile

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Scandinavian Private Equity A/S Lowers FY 2013/2014 Profit Guidance

Monday, 23 Sep 2013 12:47pm EDT 

Scandinavian Private Equity A/S (SPEAS) announced that based on the realized profit for the financial period February 1, 2013 - July 31, 2013, the Company now forecasts a profit in the range of DKK 25 million and DKK 35 million for the fiscal year 2013/2014 ending on January 31, 2014 against a previous profit forecast in the range of DKK 55 million and DKK 65 million. SPEAS added that the full-year results will depend on the development in financial markets and in the portfolio companies of the private equity funds, and the forecast is thus subject to considerable uncertainty. 

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