Profit warning: Silmäasema raises its adjusted EBITDA margin estimate for 2019
Silmäasema Oyj
Stock Exchange Release
Silmäasema raises its estimate for adjusted EBITDA margin for 2019.
The improvement in adjusted EBITDA margin is driven by better than estimated sales in November-
Updated outlook for 2019:
Silmäasema expects its full-year like-for-like net sales to increase clearly from the previous year and its adjusted EBITDA margin to be clearly better than in the previous year (2018: 9.6%), excluding the effect of the IFRS 16 standard, which was adopted at the beginning of 2019.
Earlier outlook for 2019 (announced 26 November 2019):
Silmäasema expects its full-year like-for-like net sales to increase clearly from the previous year and its adjusted EBITDA margin to be slightly better than in the previous year (2018: 9.6%), excluding the effect of the IFRS 16 standard, which was adopted at the beginning of 2019.
This is the third time Silmäasema raises its outlook for 2019. First time Silmäasema raised its outlook for 2019 in
Silmäasema releases its Financial Statements Release for 2019 on
SILMÄASEMA OYJ
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Silmäasema is a Finnish company, which offers all products and services for optical retail and eye healthcare nationwide. Silmäasema is the largest private eye clinic provider offering eye surgeries and the second largest optical retail chain in
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