Santa Fe Group A/S reported consolidated unaudited earnings results for the third quarter and nine months September 30, 2018. For the quarter, the company reported revenue of EUR 79.2 million as compared to EUR 89.1 million for the same period last year. Earnings before depreciation, amortisation and special items (EBITDA before special items) was EUR 3.5 million as compared to EUR 7.0 million for the same period last year. Earnings before depreciation and amortization (EBITDA) were EUR 2.8 million as compared to EUR 5.9 million for the same period last year. Operating profit (EBIT) was EUR 1.0 million as compared to EUR 4.9 million for the same period last year. Profit before taxes (EBT) was EUR 0.3 million as compared to EUR 5.1 million for the same period last year. Loss for the period was EUR 0.6 million as compared to profit of EUR 4.1 million for the same period last year. Loss per share (diluted) EUR, continuing operations was EUR 0.1 compared to earnings per share of EUR 0.3 for the same period last year.

For the nine months, the company reported revenue of EUR 200.7 million as compared to EUR 231.5 million for the same period last year. Loss before depreciation, amortisation and special items (LBITDA before special items) was EUR 3.6 million as compared to profit of EUR 5.3 million for the same period last year. Loss before depreciation and amortization (LBITDA) were EUR 4.9 million as compared to profit of EUR 6.7 million for the same period last year. Operating loss (LBIT) was EUR 9.6 million as compared to profit of EUR 3.1 million for the same period last year. Loss before taxes (EBT) was EUR 10.9 million as compared to profit of EUR 2.8 million for the same period last year. Loss for the period was EUR 12.4 million compared to EUR 0.5 million for the same period last year. Loss per share (diluted) EUR, continuing operations was EUR 1.0 compared to EUR 0.1 for the same period last year.

For the year 2018, the company expects consolidated revenue is expected to be around EUR 260 million (previously around EUR 270 million). Consolidated EBITDA before special items is expected to be a loss of around EUR 4 million (previously around EUR 0 million). Special items are expected to be a net loss of around EUR 2 million (previously a net gain of around 5 million) as the net gain from the divestment of the warehouse building in Beijing related to the Records Management divestment is now only expected to be recognised in 2019. Additional restructuring will continue in Europe and Asia.