We have revised our sales and gross margin assumptions after the release of Q3 preliminary results. We are notably forecasting a €500k lower turnover for the distribution division to €3.0m, given the 43% decline recorded in Q3. We now also forecast a €400k lower turnover for the services sub division to €4.8m, as our previous assumptions seem too optimistic. This is leading to a €800k lower gross margin, which has a similar knock-on effect on the bottom line, landing at -€6m now.
