Venture Life Group plc provides earnings Guidance for the year ended December 31, 2017. For the year, the group expects to achieve revenue for the year ended December 31, 2017 of over £16 million, a 12% increase over the reported Group revenue of £14.3 million for the prior year.  As a result, the Group expects to report an EBITDA of more than £1.7 million. The reported EBITDA reflects IFRS 16, a new accounting standard related to long term rental agreements, which the Group adopted in 2017.  This has had the effect of increasing EBITDA by approximately £0.4 million, however, due to a related amortisation charge, it will have minimal effect on the reported profit before tax.