Blogs

Nasdaq Company Announces Estimated Brexit Impact on EBITDA

By Randi Morrison posted 07-06-2016 02:29 PM

  

 

On July 4th, Toronto-based Merus Labs International Inc. (TSX: MSL, NASDAQ: MSLI) issued this press release announcing (among other things) an estimated 1% impact on its EBITDA resulting from the Brexit vote based on its percentage of UK sales relative to total sales:

Brexit Impact

The recent depreciation of the pound sterling post the Brexit vote is expected to impact the Company’s EBITDA by approximately 1%, as less than 10% of Merus’ total sales are in the UK.



See this Audit Analytics post: Disclosing the Impact of “Brexit, and my prior post: Brexit Implications for Corporates.


0 comments
312 views

Permalink