January 23, 2018 / 6:10 AM / 7 months ago

BRIEF-Landis&Gyr Group ‍Comments On US Tax Reform​

Jan 23 (Reuters) - LANDIS&GYR GROUP AG:

* ‍COMMENTS ON US TAX REFORM​

* ‍REVALUATION IS EXPECTED TO DECREASE COMPANY'S NET DEFERRED TAX LIABILITY BY APPROXIMATELY USD 22 MILLION​

* ‍FROM JANUARY 1, 2018, LANDIS+GYR WILL ALSO INCUR LOWER US INCOME TAX EXPENSES​

* ‍DUE TO LOWER US INCOME TAX EXPENSES, EXPECTS INCREASE IN FREE CASH FLOW OF APPROX USD 15 - 20 MILLION PER ANNUM​ Source text - bit.ly/2ru9zhL Further company coverage: (Gdynia Newsroom)

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