Custom Solutions: down after profit warning.
(CercleFinance.com) - Much more than the acquisition of the pure player digital agenda Adwords and Social Ads Adsvisers, investors' attention is more focused on the group's profit warning announced yesterday evening.
Indeed, as a result, the share is down just over 4% at around 4 pm today.
In addition to this 70% cash-paid acquisition, with the remaining 30% in new Custom Solutions shares created following a capital increase, the Group admitted an acceleration in the decline of its historical businesses in the second half of the year.
The group's long-term contract with Total was terminated during the first half of the year and its promotional activities have also recorded a double-digit fall that exceeds expectations, Custom Solutions said, which acknowledged that this erosion in business will impact the group's results in the second half of the year, despite savings that have already been made and growth at its digital activities.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
Indeed, as a result, the share is down just over 4% at around 4 pm today.
In addition to this 70% cash-paid acquisition, with the remaining 30% in new Custom Solutions shares created following a capital increase, the Group admitted an acceleration in the decline of its historical businesses in the second half of the year.
The group's long-term contract with Total was terminated during the first half of the year and its promotional activities have also recorded a double-digit fall that exceeds expectations, Custom Solutions said, which acknowledged that this erosion in business will impact the group's results in the second half of the year, despite savings that have already been made and growth at its digital activities.
Copyright (c) 2017 CercleFinance.com. All rights reserved.