February 14, 2018 / 6:06 AM / 4 months ago

BRIEF-Stockmann Oyj Abp Q4 Revenue EUR ‍315.7​ Million (Reuters Poll EUR 315 Million)

Feb 14 (Reuters) - STOCKMANN OYJ ABP :

* Q4 REVENUE EUR ‍315.7​ MILLION (REUTERS POLL: EUR 315 MILLION)

* Q4 ADJUSTED. EBIT EUR ‍24.2​ MILLION (REUTERS POLL: EUR 24.1 MILLION)

* ‍WILL PROPOSE NO DIVIDEND TO BE PAID FOR FINANCIAL YEAR 2017.​

* ‍EXPECTS GROUP’S REVENUE FOR 2018 TO BE ON A PAR WITH PREVIOUS YEAR​

* ‍ADJUSTED OPERATING PROFIT IS EXPECTED TO IMPROVE IN 2018.​

* ‍”LINDEX’S PERFORMANCE WAS NOT SATISFACTORY, SO WE HAVE INITIATED FIRM MEASURES TO ENSURE ITS TURNAROUND”​

* SAYS ‍FIRST-QUARTER OPERATING RESULT WILL STILL REMAIN ON A LOW LEVEL​

* ‍CAPITAL EXPENDITURE FOR 2018 IS ESTIMATED TO BE APPROXIMATELY EUR 40-45 MILLION​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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