StockMarketWire.com - Eurocell said full-year adjusted earnings would fall short of expectations owing to a surge in electricity prices in the second half of the year.

Adjusted earnings (EBITDA) for the year ended 31 December would be slightly below 2017, as second half adjusted EBITDA was expected at a lower rate than previously anticipated in the wake of a significant increase in electricity prices, the company said.

Revenue rose 11% in the 11 months through November from a year earlier.

The increased manufacturing and distribution costs reported during the first half of the year had continued into the fourth-quarter, negatively impacting the manufacturing operations, the company said.




At 9:45am: [LON:ECEL] Eurocell Plc share price was -24p at 208p



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