Handicare anticipates continued solid organic growth but lower than expected profit for the fourth quarter 2018
Handicare Group AB (publ) (Handicare) anticipates continued solid organic growth but lower than expected profit for the fourth quarter 2018. The lower than expected profit is primarily a result of inventory adjustments and costs related to organisational changes following the business review performed in connection with the appointment of the new CEO. Revenue is expected to increase to 73.9 MEUR (70.4) with an organic growth of 4%. Operating profit (EBIT) is estimated at 0.4 MEUR (4.4) and adjusted EBITA is estimated at 3.0 MEUR (6.2) for the fourth quarter. Revenue for the full year 2018 is