USG People Posts Downbeat Q4 Profit

USG People NV (OTC: USGPF) reported weaker-than-expected fourth-quarter profit.

USG People's quarterly sales dropped 5% to 795 million euros, versus analysts' estimates of 818 million euros. USG People's earnings before interest, tax and amortisation (EBITA) and excluding special one-off charges, came in at 26 million euros, versus analysts' estimates of 32.3 million euros.

USG People made a net loss of 37 million euros in the fourth quarter.

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