Brief: A.S. Création Tapeten Upgrades FY 2020 Earnings Forecast

AS Creation Tapeten AG

03/11/2020 06:55

Nov 3 (Reuters) - AS CREATION TAPETEN AG  ACWNn.DE :
    * SAID ON MONDAY DGAP-ADHOC: A.S. CRÉATION TAPETEN AG:
EARNINGS
FORECAST FOR FY 2020 UPGRADED
    * 9M LOSS AFTER TAX FROM CONTINUING OPERATIONS -700,000 EUR
VERSUS
2.4 MILLION EUR PROFIT YEAR AGO
    * 9M CONSOLIDATED REVENUES DOWN 2.5% AT EUR 105.6 MILLION
    * MANAGING BOARD NOW PROJECTS CONSOLIDATED SALES REVENUES OF
BETWEEN EUR 135 MILLION AND EUR 140 MILLION FOR THE FULL YEAR
2020
    * 9M EBIT AT EUR 1.4 MILLION 
    * EBIT FORECAST OF BETWEEN EUR 6 MILLION AND EUR 7 MILLION
IN THE
FULL YEAR 2020
    * 9M CONSOLIDATED RESULT AFTER TAXES FROM CONTINUING
OPERATIONS
(EXCLUDING CURRENCY EFFECTS) OF EUR 3.6 MILLION (PREVIOUS YEAR:
EUR 1.2 MILLION)
    * OUTLOOK 2020: ONSOLIDATED EARNINGS AFTER TAXES FROM
CONTINUING
OPERATIONS (EXCLUDING CURRENCY EFFECTS) WILL PROBABLY COME IN AT
BETWEEN EUR 4 MILLION AND EUR 5 MILLION

Source text for Eikon:  ID:nEQ3X9m5ta 
Further company coverage:  ACWNn.DE 

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