Linedata Services Announces Unaudited Revenue Results for the Fourth Quarter and Full Year 2016; Provides Earnings Guidance for the Year 2016 and 2017
In the fourth quarter of 2016, revenues were EUR 43.7 million, down by 5.7% compared to 2015. At constant exchange rates and on a like-for-like basis, revenues declined by 3.7%.
Building on its half-yearly results, the company expects a slightly better EBITDA for 2016 than for 2015.
For 2017, the company will continue efforts to return to a sustainable organic growth.