IC Group revises EBIT outlook for FY17/18

Based on the preliminary financial figures for the first three quarters of the financial year, IC Group’s board of directors has revised the earnings forecast for the financial year 2017/18. The company said that it now expects the EBIT margin to increase to approximately 6 percent compared to previous estimate of approximately 5 percent. However, the group still expects to a minor revenue reduction compared to the financial year 2016/17.