Heurtey Petrochem: an analyst's estimates.

(CercleFinance.com) - Heurtey Petrochem will publish its annual results next Thursday.
The group already announced mid-February an annual turnover of 319 million euros, down 24% relative to 2015 and at the bottom of the range of 320 million euros to 340 million euros that it proposed.

Remember that at that time Heurtey Petrochem launched a new profit warning after operational difficulties in the gas segment.

Analysts in Portzamparc expect underlying EBIT of 0.5 million euros in 2016 (vs. 16.3 million euros in 2015), with a bottom line of -5.6 million euros (against +8.9 million euros).

"The decline in turnover, its restructuring plan and difficulties in execution of certain projects of the gas division should bring EBIT to around break-even, with an historical loss at the bottom line," Portzamparc said.

"We will be attentive to 2017 targets (sales estimated to fall 11% at this stage to 285 million euros)" added the broker's analysts.


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