Guerbet Reports Revenue Results for the Nine Months Ended September 30, 2018; Provides Earnings Guidance for the Year 2018
October 25, 2018 at 11:45 am EDT
Guerbet reported revenue results for the nine months ended September 30, 2018. For the nine months, the company reported revenue of 581.4 million for the first nine months of the 2018 financial year, down 3.3% due to a highly unfavourable currency effect representing 32.9 million. At constant exchange rates, the Group's revenue increased 2.1% to 614.3 million, identical to the dynamics observed in the first half of the year.
For the year 2018, the company remains unchanged, namely slightly greater revenue than in the 2017 financial year at constant exchange rates; restated EBITDA at constant exchange rates (excluding the full-year effect of revaluation of inventories for 15.6 million) around 15% of revenue.