Brief: Ahlers FY EBIT Loss At EUR 13.8 Mln

Ahlers AG

23/02/2022 09:38

Feb 23 (Reuters) - AHLERS AG  AAHG.F :
    * FY GROUP RESULT INCREASES BY EUR 9.6 MILLION TO EUR -8.9
MILLION
    * DEBT DECREASES BY EUR 13.1 MILLION
    * FY SAVINGS IN OPERATING EXPENSES OF EUR 2.5 MILLION OR 3.0
PERCENT
    * POSITIVE CASH FLOW FROM OPERATING ACTIVITIES (+6.3 MILLION
EUR)
DUE TO REDUCTION OF NET WORKING CAPITAL
    * BALANCE SHEET STRUCTURE REMAINS SOLID WITH AN EQUITY RATIO
OF 47
PERCENT (PREVIOUS YEAR: 46 PERCENT)
    * CONSOLIDATED SALES FELL BY EUR 9.1 MILLION OR 6.0 PERCENT
TO EUR
142.5 MILLION IN THE 2020/21 FINANCIAL YEAR DUE TO CORONA.
    * FOR THE CURRENT FINANCIAL YEAR 2021/22, THE EXECUTIVE
BOARD
EXPECTS GROUP SALES OF BETWEEN EUR 180 MILLION AND EUR 195
MILLION (2020/21: EUR 142.5 MILLION).
    * THE EXECUTIVE BOARD IS THEREFORE ASSUMING A CONSOLIDATED
RESULT
OF BETWEEN EUR -2.0 MILLION AND EUR -5.0 MILLION (FISCAL YEAR
2020/21: EUR -8.9 MILLION)
    * SEES 21/22 SIGNIFICANT IMPROVEMENT IN THE OPERATING RESULT
BEFORE SPECIAL ITEMS (EBIT BEFORE SPECIAL ITEMS) TO A LOW,
SINGLE-DIGIT, NEGATIVE MILLION AMOUNT (2020/21: EUR -13.8
MILLION) IS EXPECTED
    * FY EBIT LOSS WIDENS TO EUR 13.8 MILLION

Source text for Eikon:  ID:nPexQP5zFa 
Further company coverage:  AAHG.F 

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