StockMarketWire.com - Fulcrum Utility Service has warned that results for the year to the end of March will be materially behind market expectations.

It says that EBITDA performance is expected to show a significant improvement over the loss of £2.1m generated last time, with positive EBITDA for the full year between £1.2m and £1.4m.

However, results will therefore be materially behind market expectations.

It says that following a pronounced deterioration in the final quarter of the financial year, revenues in the second half are expected to be approximately 10% lower than in the corresponding period last time. Revenue for the full year to 31 March will be between £38m and £39m, approximately 7% lower than the prior year. Weaker gross margins in the second half will result in a marginally positive EBITDA result in that period.


At 8:59am: [LON:FCRM] share price was -3p at 10.5p



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