Stock market, Sabaf collapse: the company has revised its 2011 targets downwards

Sabaf stock market crash, which in the morning lost 11%. Shortly after 14 pm the stock was in the recovery phase, but remained in negative territory by 30, 6 points. The black day on the markets can be explained by the announcements that arrived yesterday evening. The group active in the production of components for kitchens and domestic gas cooking appliances has in fact revised its estimates for 14 downwards, explaining that it will not be able to meet the targets in terms of revenues and EBITDA. The new objectives for the current year envisage growth of between 2011 and 2% for sales (from the previous +4%), with an Ebitda margin from 10 to 21% (22-23% in previous estimates).