SRV Group Plc Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018; Provides Earnings Guidance for the Full Years of 2018 and 2019
For the nine months, the company reported revenue of EUR 208.4 million compared to EUR 267.8 million a year ago. Operating loss was EUR 5.7 million compared to profit of EUR 7.2 million a year ago. Net loss for the period was EUR 8.1 million or EUR 0.14 per share compared to EUR 3.3 million or EUR 0.04 per share a year ago.
The company provided earnings guidance for the full years of 2018 and 2019. Full-year consolidated revenue for 2018 is expected to decline compared with 2017 (revenue EUR 1,114.4 million). Operative operating profit is expected to be in the red (operative operating profit EUR 27.0 million).
In addition, the company estimates that 2019 will be a better year in terms of earnings, and that the operating result and cash flow will be positive.