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Provider: Reuters Investment Profile
Provider: Sadif Analytics (Premium)

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Vet Affaires SA Announces Plans to Close Franchise Stores and Issues FY 2012 Guidance

Tuesday, 18 Sep 2012 12:18pm EDT 

Vet Affaires SA announced that it is considering measures to close down franchise stores that are underperforming. The Company would invest up to EUR 350,000 per store closure, depending when the lease ends. As a result, the Company expects to report negative results for full year 2012 with a significant loss. The Company also expects its full year 2012 revenue to remain stable and hopes to report a profitable growth from 2013. The Company reported full year 2011 revenue of EUR 153.08 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report full year 2012 revenue of EUR 152.65 million and full year 2012 net loss of EUR 0.45 million. 

Company Quote

-0.11 -1.15%
31 Jul 2014