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Czech markets  |  April 18, 2013 10:03:05

NWR expect lower earnings, its shares plunge precipitously

Analysts expect first-quarter earnings before interest, taxes, depreciation and amortization (EBITDA) of NWR significantly below -4.2 million euros, which reached in 4Q2012.

"Difficult market conditions had a negative impact on operating performance this year," she said Thursday morning NWR to selected operating results for 1Q2012 and admitted that he could not confirm the full-year outlook and must avoid negative market trends, new steps.

"Management is preparing measures to reduce costs and increase efficiency in order to mitigate these negative trends. As a result, full-year outlook announced February 21, 2013 can not be confirmed. NWR will inform the market about these measures and the revised targets on time."

NWR will publish its results for the first quarter 2013 on Thursday, 16 May 2013. The Prague Stock Exchange NWR after opening exchanges forfeited by a further 9.71%, and it has been so from its absolute lows.

The analysis estimates production NWR and overview of the recommendations and target prices can be found on the web Investment

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