Rhoen-Klinikum AG (RHK) sank the most in two months in Frankfurt trading after saying that first-quarter profit will be less than forecast.
Profit for the operator of health-care facilities will be 5 million euros ($6.6 million) to 9 million euros lower than targeted, after “positive earnings contributions” were deferred to later in the year, the Bad Neustadt, Germany-based company said today in a statement. Rhoen-Klinikum reaffirmed full-year sales and earnings goals.
The shares fell 2.9 percent to 14.16 euros, the steepest drop since Feb 10.
To contact the reporter on this story: Trista Kelley in London at firstname.lastname@example.org
To contact the editor responsible for this story: Phil Serafino at email@example.com