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Stockmann downgrades outlook for 2017 adjusted operating profit

Tuesday, 26 Sep 2017 01:30am EDT

Sept 26 (Reuters) - STOCKMANN OYJ ABP :STOCKMANN GROUP'S REVISED GUIDANCE FOR 2017 AND OUTCOME OF IMPAIRMENT TEST.‍PROFIT GUIDANCE FOR YEAR HAS BEEN CHANGED DUE TO WEAKER THAN ESTIMATED PERFORMANCE IN LINDEX'S BUSINESS.​.‍EXPECTS GROUP'S REVENUE FOR 2017 TO DECLINE DUE TO WEAKER SALES DEVELOPMENT OF LINDEX, CHANGES IN STORE NETWORK AND PRODUCT MIX​.‍ADJUSTED OPERATING PROFIT IN CONTINUING OPERATIONS IS EXPECTED TO BE APPROX. ON A PAR WITH OR SLIGHTLY WEAKER THAN IN 2016​.PREVIOUYSLY EXPECTED ‍ADJUSTED OPERATING PROFIT TO IMPROVE, COMPARED WITH 2016.​.TO RECOGNISE APPROX. EUR 150 MILLION IN IMPAIRMENT RELATED TO LINDEX'S GOODWILL IN ITS Q3 CONSOLIDATED INCOME STATEMENT​.

Kunming Sinobright Group revises asset acquisition plan, cuts share issue size

Monday, 25 Sep 2017 09:22pm EDT

Sept 26 (Reuters) - Kunming Sinobright Group Co Ltd <000560.SZ>:Says it revises asset acquisition plan, to buy 84.44 percent stake in Beijing property agency for 5.5 billion yuan ($830.95 million) from 6.2 billion yuan previously.Says it cuts share issue size to 2.3 billion yuan from 2.5 billion yuan previously.

Netweek H1 net result turns to loss of EUR 0.4 mln

Tuesday, 12 Sep 2017 02:29am EDT

Sept 12 (Reuters) - NETWEEK SPA : :H1 NET LOSS EUR 0.4 MLN VS PROFIT EUR 33.7 MLN YEAR AGO.H1 REVENUE EUR 13.4 MLN VS EUR 13.2 MLN YEAR AGO.SAYS H1 2016 NET PROFIT OF EUR 33.7 MLN WAS ENTIRELY DUE TO THE EXTRAORDINARY EFFECTS ARISING FROM DEBT RESTRUCTURING.SHAREHOLDERS GRANT THE BOARD POWERS TO ISSUE SHARES AND CONVERTIBLE BONDS FOR UP TO EUR 30 MLN.

Wangfujing Group to merge with international business development firm

Monday, 21 Aug 2017 11:04am EDT

Aug 21 (Reuters) - Wangfujing Group Co Ltd <600859.SS> ::* Says it plans to issue 296,390,323 new shares and pay a total of 4.29 billion yuan to merge with international business development firm.* Says the company will survive and the international business development firm will be dissolved after merger .

Hangzhou Jiebai Group to merge with wholly owned unit

Tuesday, 15 Aug 2017 03:53am EDT

Aug 15(Reuters) - Hangzhou Jiebai Group Co Ltd <600814.SS>:Says it plans to merge with a Hangzhou-based wholly owned investment unit .Says the unit will be dissolved after merger.

Macy's Q2 same store sales fell 2.8 percent

Thursday, 10 Aug 2017 08:00am EDT

Aug 10 (Reuters) - Macy's Inc ::Macy's Inc reports second quarter earnings and reaffirms full-year guidance.Q2 earnings per share $0.48 excluding items.Q2 sales $5.552 billion versus I/B/E/S view $5.52 billion.Q2 same store sales fell 2.8 percent.Q2 earnings per share view $0.46 -- Thomson Reuters I/B/E/S.Q2 earnings per share $0.38.‍reaffirmed its sales and earnings guidance for full-year 2017​.MACY'S INC - ‍comparable sales on an owned basis were down 2.8 percent in Q2 and down 2.5 percent on an owned plus licensed basis​.‍"Will adapt our business in order to reach our goal of stabilizing brick-and-mortar business​".Macy's - ‍launch of a new loyalty program and new marketing strategy in fall, which co anticipates will further improve sales trend in back half of year​.FY earnings per share view $3.29, revenue view $24.67 billion -- Thomson Reuters I/B/E/S.Macy's - ‍will "adapt" business to reach goal of stabilizing brick-and-mortar business while "investing for accelerated growth in digital and mobile"​.

windeln.de Q2 ‍revenues up at EUR 54.6 mln

Wednesday, 9 Aug 2017 01:00am EDT

Aug 9 (Reuters) - WINDELN DE SE ::DGAP-NEWS: WINDELN.DE SE: WINDELN.DE WITH GOOD GROWTH AND IMPROVED PROFITABILITY IN THE SECOND QUARTER.‍REVENUES OF EUR 54.6 MILLION IN Q2 (H1: EUR 106.5 MILLION), A 21.6% INCREASE COMPARED TO SAME PERIOD OF PREVIOUS YEAR (H1: +15.8%)​.HIGHER ADJUSTED EBIT MARGIN OF -10.5% IN Q2 COMPARED TO SAME PERIOD OF PREVIOUS YEAR (-13.9%) AND Q1 OF 2017 (-14.0%).DEVELOPMENT IN Q2 SHOWS THAT WE ARE ON RIGHT TRACK TO ACHIEVING BREAK-EVEN ON BASIS OF ADJUSTED EBIT IN COURSE OF YEAR 2019.GROWTH DRIVER CHINA BUSINESS AND BUSINESS IN EUROPEAN COUNTRIES OUTSIDE OF DACH REGION.

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