In the fourth quarter of 2014, the Hoeft & Wessel Group did not match earlier forecasts for operating results due to shifts in sales, exceptional charges for a large customer project which is now accepted, as well as development costs of new products. For this reason, according to preliminary estimates, the last forecasted negative EBIT in the upper single-digit million range is not reached in the 2014 financial year. The negative EBIT is expected to be of around EUR 15 million.
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- Hoeft & Wessel Group Provides Earnings Guidance for the Year 2014