Brief: Ahlers Adjusts Forecast For Full Fiscal Year 2020/21

Ahlers AG

29/06/2021 15:10

June 29 (Reuters) - Ahlers AG  AAHG.F :
    * ADJUSTED FORECAST FOR FULL FISCAL YEAR 2020/21
    * FISCAL YEAR 2020/21: LOWER REVENUES BUT CLEARLY IMPROVED
CONSOLIDATED EARNINGS EXPECTED.
    * LOCKDOWN-RELATED REVENUE SHORTFALL OF FIRST SIX MONTHS OF
2020/21 IS UNLIKELY TO BE LARGELY OFFSET IN SECOND HALF OF
FISCAL YEAR AS PREVIOUSLY PROJECTED
    * GROUP SALES REVENUES IN FY 2020/21 ARE NOW EXPECTED TO BE
AT
BEST IN MID-SINGLE-DIGIT PERCENTAGE RANGE BELOW PRIOR YEAR LEVEL
(2019/20: EUR 151.6 MILLION).
    * GROSS PROFIT MARGIN IS LIKELY TO DECLINE MODERATELY IN
FULL
FISCAL YEAR (PREVIOUS YEAR: 47.3 PERCENT)
    * EBIT BEFORE ONE-TIME EFFECTS IN 2020/21 ARE THEREFORE
EXPECTED
TO BE BELOW PREVIOUS YEAR'S LEVEL BY A MID-SINGLE-DIGIT MILLION
AMOUNT (2019/20: EUR -12.4 MILLION).
    * EARNINGS BEFORE AND AFTER INCOME TAXES ARE LIKELY TO
IMPROVE
MUCH MORE STRONGLY THAN PREVIOUSLY EXPECTED.
    * CONSOLIDATED EARNINGS IN SECOND COVID-19 YEAR ARE EXPECTED
TO BE
NEGATIVE AGAIN, THEY SHOULD BE ABOUT HALVED COMPARED TO PREVIOUS
YEAR (2019/20: EUR -18.4 MILLION).
    * DECLINING BY 16.1 PERCENT TO EUR 59.3 MILLION (H1 PREVIOUS
YEAR:
EUR 70.7 MILLION), REVENUES IN FIRST SIX MONTHS CAME IN AT LOWER
END OF COMPANY'S EXPECTATIONS DUE TO LOCKDOWNS.
    * NOTICEABLY IMPROVED CONSOLIDATED EARNINGS (H1 2020/21: EUR
-4.1
MILLION; H1 PREVIOUS YEAR: EUR -9.4 MILLION).

Source text for Eikon:  ID:nPexvhkHWa 
Further company coverage:  AAHG.F 

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