Brief: Aap Implantate Reports FY 2019 Sales Growth Of 9% To EUR 11.7 Mln

aap Implantate AG

30/06/2020 21:42

June 30 (Reuters) - Aap Implantate AG  AAQG.DE :
    * FY 2019 SALES GROWTH OF 9% TO EUR 11.7 MILLION
    * AAP IMPLANTATE - RESTRUCTURING MEASURES SUCH AS STAFF
REDUCTION
ANNOUNCED IN MARCH WILL LEAD TO ONE-TIME EXPENSES IN CURRENT FY
    * MANAGEMENT BOARD EXPECTS A SIGNIFICANTLY LOWER LEVEL OF
SALES
AND EARNINGS FOR FINANCIAL YEAR 2020
    * FY 2019 EBITDA IN AMOUNT OF EUR -5.1 MILLION VERSUS EUR
-6.4
MILLION
    * 2020 SALES ARE EXPECTED TO BE BETWEEN EUR 8 MILLION AND
EUR 10
MILLION AND EBITDA BETWEEN EUR -6.7 MILLION AND EUR -5.5 MILLION

Source text for Eikon:  ID:nEQ5kr441a 
Further company coverage:  AAQG.DE 

 ((Reuters.Briefs@thomsonreuters.com;))