Brief: Amadeus Fire Q1 Net Profit At EUR 5.0 Mln

Amadeus Fire AG

27/04/2020 07:05

April 27 (Reuters) - AMADEUS FIRE AG  AMDG.DE :
    * QUARTERLY STATEMENT FIRST QUARTER 2020
    * QUARTERLY REVENUE 76.4 MILLION EUR VERSUS 53.3 MILLION EUR
YEAR
AGO
    * CORONAVIRUS CRISIS DID NOT HAVE A SIGNIFICANT IMPACT ON
OPERATIONS UNTIL MARCH
    * Q1 GROSS PROFIT IMPROVED BY 46.7 PERCENT TO EUR 38.4M
    * NET PROFIT FOR Q1 WAS EUR 5.0M (PREVIOUS YOUR: 6.0M)
    * Q1 SALES AND ADMINISTRATIVE EXPENSES AMOUNTED TO EUR 27.8M
    * IS ABANDONING ITS EARNINGS FORECAST FOR 2020 AS A WHOLE
    * Q1 (EBITA-PRE) REACHED EUR 10.6M
    * EXPECTS AMADEUS FIRE GROUP TO HAVE A VERY WEAK Q2
    * Q1 EBITA-PRE MARGIN FELL BY 2.3 PERCENTAGE POINTS TO 13.9
PERCENT (PREVIOUS YEAR: 16.2 PERCENT)
    * EXPECTS A POSITIVE OUTLOOK AND INCREASING REVENUE AND
EARNINGS
FOR 2020 FISCAL YEAR ONLY FOR COMCAVE'S COUNTERCYCLICAL PUBLIC
FUNDED TRAINING BUSINESS
    * DOES NOT ASSUME TO BE ABLE TO MATCH PREVIOUS YEAR'S LEVEL
IN
COURSE OF SECOND HALF
    * TO PROPOSE THAT ANNUAL GENERAL MEETING SUSPEND DIVIDEND
PAYMENT

Source text for Eikon:  ID:nEQ80sjJZa 
Further company coverage:  AMDG.DE 

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