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Forge Group Limited (ASX:FGE) has warned it’s expecting an EBITDA loss of between $20 million and $25 million for fiscal 2014.
The guidance is significantly different to its previous forecast of a full year EBITDA of between $45 million and $50 million.
Forge says the revision is due to a number of one-off and macro factors including the impact on profit margins by generating cash flows to meet requirements for completion of major projects.
The group says domestic market conditions are challenging, with rising cost and margin pressures.
Forge also flagged two projects by its Pilbara Logistics joint venture as part of its indigenous involvement strategy are expected to incur further cost pressures and be unprofitable.
Forge Group reported a net profit of $62.9 million in the 2013 financial year.
