Brief: Ahlers Withdraws Forecast For 2019/20

Ahlers AG

23/03/2020 14:17

March 23 (Reuters) - AHLERS AG  AAHG.F :
    * WITHDRAWS FORECAST FOR THE 2019/20 FINANCIAL YEAR
    * SIGNIFICANT BURDENS ARE EXPECTED, WHICH WILL REDUCE SALES
AND
EARNINGS IN THE CURRENT FINANCIAL YEAR
    * HAS INITIATED EXTENSIVE MEASURES TO SECURE LIQUIDITY
    * Q1 2019/20 EBIT FELL FROM EUR 3.3 MILLION TO EUR 1.5
MILLION DUE
TO DELIVERY DELAYS (-55%)
    * RELIABLE FORECAST FOR 2019/20 FINANCIAL YEAR IS CURRENTLY
NOT
POSSIBLE
    * POSTPONES AGM DUE TO CORONAVIRUS OUTBREAK
    * NEW DATE FOR AGM IS STILL TO BE DECIDED
    * Q1 REVENUES FELL BY 13% TO EUR 51.2 MILLION (PREVIOUS YEAR
EUR
59.0 MILLION)

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

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