COR&FJA reduces earnings forecast for the financial year 2013(PresseBox) (Leinfelden-Echterdingen, )
Chiefly attributable to the change in the forecast is the fact that the sale of the company's subsidiary COR&FJA Banking Solutions GmbH (ad-hoc announcement by COR&FJA AG on 14 November 2013) has led to one-off expenses measured through profit and loss in the 2013 financial year. These had not previously been included in the plans. The generally subdued market situation is also having a negative effect on turnover.
In view of the ongoing cost-cutting programme, as well as the strategic realignment which has almost been completed, COR&FJA is assuming that with the transitional year of 2013 behind it, the company will show a healthy economic trend from 2014 onwards.
The company is going to publish the group financial report for the first nine months of the current year on 28 November 2013.