(24,8 CZK, -3,88%) has just posted 3Q13 numbers. Results from continued operations (ex-OKK) seems to be slightly better than consensus expectations.
- 3Q13 results
|Sales ||291,0 ||200,0 ||195,8 ||201,2 ||-31,3% ||-0,6% |
|EBITDA ||70,0 ||-1,0 ||-35,6 ||-26,2 ||x ||x |
|EBIT ||28,0 ||-43,8 ||-79,6 ||-62,2 ||x ||x |
|Net income ||- ||-48,5 ||-76,7 ||-61,9 ||x ||x |* Coal segment only (excluding OKK operations)
** Reuters poll cons. (12 analysts) excluding OKK operations i.e. reflects continued operations only;
Conference call: 6th November at 11:00 (CET)
The company has delivered futher 25 mln. EUR
of its 100 mln. EUR
cash-savings plan. Cash-enhancing measures amounting to 85 mln. EUR
after 9M13 out of the 100 mln. EUR
full-year goal. Net decrease in cash in 3Q13 was -18,6 mln. EUR
expect expect coal production and sales of around 9Mt and 9.5Mt, respectively, with such coal sales equally split between coking and thermal coal, which is just a more accurate specification of previous targets.
We see results as SLIGHTLY POSITIVE and we expect the share may get back some of its yesterdays‘ fall (-7,5 %).