Brief: Ahlers FY Consolidated Earnings After Taxes Down At EUR -7.0 Mln

Ahlers AG

28/02/2019 11:04

Feb 28 (Reuters) - AHLERS AG  AAHG.F :
    * DECLINING BY 2.0 PERCENT, Q4 2017/18 REVENUES REMAIN
ESSENTIALLY
STABLE IN A DIFFICULT ENVIRONMENT
    * DECLINING REVENUES EXPECTED FOR 2018/19.
    * CONSOLIDATED EARNINGS WILL PROBABLY GROW AT A HIGH
DOUBLE-DIGIT
PERCENTAGE RATE BUT STILL BE NEGATIVE IN 2018/19
    * TOTAL REVENUES IN FISCAL YEAR 2017/18 DECLINED BY EUR 12.8
MILLION OR 5.4 PERCENT TO EUR 223.1 MILLION.
    * REVENUE GROWTH AND CLEARLY POSITIVE EARNINGS EXPECTED AS
OF
2019/20
    * FY EBITDA DECLINED BY EUR 5.0 MILLION TO EUR 3.7 MILLION
    * CONSOLIDATED EARNINGS AFTER TAXES DROPPED TO EUR -7.0
MILLION IN
FISCAL YEAR 2017/18 (PREVIOUS YEAR: EUR 1.9 MILLION)
    * POSITIVE RESULTS PROJECTED AS OF 2019/20
    * MANAGEMENT BOARD PROJECTS A HEADCOUNT OF BELOW 2,000
PEOPLE FOR
END OF FISCAL YEAR IN NOVEMBER 2019 (NOVEMBER 30, 2018: 2,145)
    * THIS INCLUDES REDUCTIONS IMPLEMENTED IN CONTEXT OF
MEASURES
DEFINED IN SEPT AS WELL AS CAPACITY REDUCTION AT POLISH
PRODUCTION FACILITY
    * MANAGEMENT BOARD PROPOSES NOT TO PAY OUT A DIVIDEND FOR
FISCAL
YEAR 2017/18

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

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