Lauritz.com A/S lowers 2016 EBITDA growth guidance

Company announcement no. 25/2016To: NASDAQ StockholmCopenhagen, 19 January 2017 Lauritz.com A/S lowers 2016 EBITDA growth guidance The EBITDA for Lauritz.com for the period 1 January - 31 December is expected to amount to DKK 46m, which is DKK 4m higher than in 2015, corresponding to a...

London, 19/01/2017 (informazione.it - comunicati stampa - servizi)

Company announcement no. 25/2016

To: NASDAQ Stockholm

Copenhagen, 19 January 2017

The EBITDA for Lauritz.com for the period 1 January - 31 December is expected to amount to DKK 46m, which is DKK 4m higher than in 2015, corresponding to a growth in EBITDA of 10%.

According to previous guidance, the EBITDA for the period 1 January - 31 December 2016 was expected to be in the range from DKK 50m to DKK 59m, corresponding to a growth in EBITDA of 20-40% compared to 1 January - 31 December 2015.

The lower EBITDA growth for 2016 is mainly explained by lower than expected commission levels in the fourth quarter. 

Management will in the action plans for 2017 thoroughly look into all business areas to increase revenue growth. Furthermore, management will expand the commercial resources at management level, as well as introduce initiatives to increase efficiency and decrease costs in the operations

The full-year report will be published 27 February 2017.

Astrid-Louise W. Lidforsen  
astrid-louise@lauritz.com
+45-26898737

Claus Boysen
CFO
Claus@lauritz.com

This information is information that Lauritz.com A/S is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person set out above, at 3.15 pm CET on 19 January 2017.