Brief: Aumann Expects Slight Growth For 2019 And Strong Double-Digit Revenue Growth In Medium Term

Aumann AG

28/02/2019 07:54

Feb 28 (Reuters) - Aumann AG  AAGG.DE :
    * DGAP-NEWS: AUMANN AG: AFTER RECORD RESULTS IN 2018, AUMANN EXPECTS SLIGHT GROWTH FOR 2019
AND
STRONG DOUBLE-DIGIT REVENUE GROWTH IN THE MEDIUM TERM
    * ORDER INTAKE IN Q4 WAS STRONGEST IN 2018 AND REACHED EUR 86.8 MILLION
    * GREW BY 38.2% AND ACHIEVED RECORD REVENUES OF EUR290.8 MILLION IN 2018, ACCORDING TO
PRELIMINARY
FIGURES FOR 2018
    * ADJUSTED EBIT GREW BY 39.5% IN 2018, ACHIEVING A RECORD LEVEL OF EUR 29.3 MILLION
    * EXPECTS REVENUE AND EBIT IN 2019 TO RISE SLIGHTLY YEAR-ON-YEAR
    * PLANNING CLEAR DOUBLE-DIGIT GROWTH RATES ON AVERAGE IN NEXT FIVE YEARS
    * GROWING POLITICAL AND ECONOMIC UNCERTAINTY, ESPECIALLY IN AUTOMOTIVE INDUSTRY, MAKE IT
DIFFICULT
TO FORECAST CURRENT FINANCIAL YEAR PRECISELY
    * MANAGEMENT EXPECTS REVENUE AND EBIT IN 2019 TO RISE SLIGHTLY YEAR-ON-YEAR
    * GROWTH CURVE IN CLASSIC SEGMENT IS EXPECTED TO BECOME FLATTER
    * PLANNING CLEAR DOUBLE-DIGIT GROWTH RATES ON AVERAGE IN NEXT FIVE YEARS
    * WITH EQUITY RATIO OF MORE THAN 55.0% AND CASH OF EUR 116.5 MILLION AT END OF 2018, CO HAS
PLENTY
RESOURCES FOR FURTHER ORGANIC GROWTH AND POTENTIAL ACQUISITIONS

Source text for Eikon:  ID:nEQ17Qn4wa 
Further company coverage:  AAGG.DE 

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