CHANGE OF ACCOUNTING YEAR END
Cham, 19. November 2019, Selecta, Europe’s leading route-based unattended self-service retailer, announces that it will be changing its accounting reference date and financial year end from 30 September to 31 December.
The Board believes that a 31 December accounting year end fits better with the Company's trading cycles, simplifies its financial reporting procedures and will align Selecta’s accounting reference period with that of its peer group.
As a result, the Company’s next two reporting events will be as follows:
- Publication of results for the three months ended 30 September 2019 (Q4 FY19) on 27 November 2019
- Publication of full year results for the 15 months ended 31 December 2019 (FY19) on 24 April 2020
Thereafter, Selecta will revert to a customary quarterly reporting calendar based on a 31 December year end.
The Company does not foresee any material financial implications on the Group as a result of the change in accounting reference date of the Company and intends to provide all information required by investors for comparability purposes.