Robit revises downward guidance for 2019.
NORDIC BUSINESS REPORT-August 5, 2019-Robit revises downward guidance for 2019
(C)2019 M2 COMMUNICATIONS http://www.m2.com
Robit Oyj (HEL:ROBIT) on Friday revised its guidance for year 2019 and the current estimation is that the company's EBITA profitability for year 2019 will be negative due to weaker than expected profitability development in the first half of the year.
Also, the release of capital tied up in the business will be less than the original target.
This compares with the prior guidance for 2019 of achievement of a positive EBITA profitability and a significant release of capital tied up in the...
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