Adjustment downwards of annual prognosis for 2013
A stock exchange report of 26 June 2013 disclosed an estimate for the full year 2013 for the Infratek group. At that point, the estimated total operating income was NOK 2,900 million with an EBIT of 116 million (EBIT margin of 4 per cent).
The company has found it appropriate to announce that the estimate disclosed on 26 June 2013 must be revised downwards. The main reason is reduced profit in Sweden, both with declining margins and project losses. Furthermore, after a review by the company, the estimate may also be negatively impacted by write downs of balance values including intangible and fixed assets.
The report for Q3 2013 will be published 30 October 2013.
Oslo, 17 October 2013
For further information, please contact:
Vibecke Skjolde, CFO
+47 916 62 110, email@example.com
Bjørn Frogner, CEO
+47 913 79 505, firstname.lastname@example.org