Artefact Reports Consolidated Earnings Results for the First Half Ended June 30, 2018; Reiterates Earnings Guidance for the Full Year of 2018; Reaffirms Earnings Guidance for 2020
For the full year of 2018, the company expects gross margin to climb around positive 15%. Building on all of these positive components, the pro-forma gross margin is expected to climb around 15% for full-year 2018. The group also expects to see a material improvement in earnings, despite the capex scheduled for the second half for the purpose of meeting 2019 growth targets.
For the full year of 2020, the company reiterated that it is perfectly on track to achieve its market plan and ambitions namely to top EUR 100 million in terms of gross margin, with EBITDA ranging from 10%-15%, as from 2020.