Antevenio S.A. Reports Sales Results for the First Six Months of Fiscal 2013; Provides Earnings Guidance for the First Half and Second Half of 2013
The company provided earnings guidance for the first half and second half of 2013. As a result of the decline of the Spanish market, a challenging first quarter in France, and the restructuring costs the Group expects to record losses in the first half. The portfolio rebalancing in favor of Proprietary Portals business, where margins are higher, and the reduction of cost structure, should favor a return to profitability in the second half.