Silmäasema Oyj - Inside information

Silmäasema Oyj: Silmäasema lowers guidance on the development of adjusted EBITDA margin for 2017

Silmäasema lowers guidance on the development of adjusted EBITDA margin for 2017


Silmäasema Oyj                 Stock Exchange Release                        30
November 2017 at 8:00 EET



Silmäasema Oyj lowers guidance on the development of adjusted EBITDA margin for
the financial year 2017. The main reasons for the updated outlook are slower
than expected development of the profitability of new opened and acquired
optical retail stores during the year as well as weaker than expected
development of the eye clinics business during the last quarter of the year.

Silmäasema Oyj's guidance regarding the growth of net sales in 2017 remains
unchanged i.e. Silmäasema expects to see stronger growth in net sales than last
year. In January-September 2017 the net sales grew by 18.2% from the previous
year.



New prospects for 2017

This year, Silmäasema expects to see stronger growth in net sales than last
year. Adjusted EBITDA margin is expected to be at last year's level or lower
than last year.

In 2016, Silmäasema's net sales increased by 8.6 per cent and its adjusted
EBITDA margin was 11.8 per cent.


Previous prospects for 2017 (published in the half-year review on 18 August
2017)

This year, Silmäasema expects to see stronger growth in net sales than last year
and an improved adjusted EBITDA margin.

In 2016, Silmäasema's net sales increased by 8.6 per cent and its adjusted
EBITDA margin was 11.8 per cent.



Additional information

CEO Pasi Kohmo, tel. +358 50 331 7015

CFO Anu Kankkunen, tel. +358 50 669 69

Head of Communications and Investor Relations Tuukka Hirvonen, tel.
+358 50 416 7700



SILMÄASEMA OYJ

Pasi Kohmo
CEO


Anu Kankkunen
CFO



Silmäasema is a Finnish company, which offers all products and services for
optical retail and eye healthcare nationwide. Silmäasema is the largest private
eye clinic provider offering eye surgeries and the second largest optical retail
chain with 28.4 per cent market share. The Silmäasema chain has 148 stores and
13 eye clinics in Finland as well as eight stores in Estonia. The Silmäasema
chain employs close to 1,000 eye healthcare professionals. In 2016, the
Silmäasema chain conducted around 210,000 optician's eye examinations, 190,000
ophthalmologist's appointments and over 15,000 cataract and refractive
surgeries. Silmäasema's Group net sales were 101.3 million euros in 2016 and
adjusted EBITDA was 12.0 million euros.


[]