November 11, 2016 / 6:20 AM / 3 years ago

BRIEF-Pihlajalinna Q3 EBIT up at EUR 3.6 million; rev guidance cut

Nov 11 (Reuters) - Pihlajalinna Oyj :

* Q3 revenue 93.9 million euros versus 50.9 million euros year ago

* Q3 EBIT 3.6 million euros versus 1.0 million euros year ago

* Revises its outlook for 2016 as complete outsourcing agreements involve factors that cannot be fully defined until in final quarter

* Sais growth in demand for social services has been slightly weaker than expected

* Consolidated revenue is now expected to be about 400 million euros in 2016 (previously to exceed 400 million euros)

* 2016 adjusted EBIT margin is expected to improve compared to 2015 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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