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BRIEF-Devoteam lowers FY revenue guidance to 530 million euros
September 5, 2017 / 4:17 PM / 2 months ago

BRIEF-Devoteam lowers FY revenue guidance to 530 million euros

Sept 5 (Reuters) - DEVOTEAM SA:

* H1 REVENUE EUR 256.5‍​ MILLION VERSUS EUR 238.1 MILLION RESTATED YEAR AGO

* H1 NET INCOME GROUP SHARE EUR ‍​ 11.9 MILLION VERSUS EUR 7.6 MILLION YEAR AGO

* H1 OPERATING INCOME EUR ‍​21.7 MILLION VERSUS EUR 15.8 RESTATED MILLION YEAR AGO

* GROUP IS UPDATING ITS TARGET FOR 2017 REVENUES TO 530 MILLION EUROS (VERSUS 595 MILLION EUROS PREVIOUSLY).‍​

* AT JUNE 30, 2017 GROUP‘S NET CASH POSITION WAS € 49.0 MILLION‍​

* FOR 2017 GROUP ALSO UPDATES ITS OPERATING MARGIN TARGET FROM "CLOSE TO 9%" TO "CLOSE TO 10%"‍​ Source text: bit.ly/2eZlk79 Further company coverage: (Gdynia Newsroom)

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