Brief: Pierer Mobility Raises 2020 Forecast

Bajaj Mobility AG

11/12/2020 07:32

Dec 11 (Reuters) - PIERER MOBILITY AG  PMAG.VI :
    * FURTHER INCREASE IN EARNINGS FORECAST FOR THE 2020
FINANCIAL
YEAR
    * TURNOVER FOR SECOND HALF OF YEAR WILL BE MORE THAN 17
PERCENT
HIGHER THAN IN SAME PERIOD OF PREVIOUS YEAR
    * WITH AN EXPECTED EBIT OF APPROXIMATELY EUR 100 MILLION FOR
2020
FINANCIAL YEAR, EBIT MARGIN IS ABOVE PUBLISHED GUIDANCE RANGE OF
4 - 6 % OF TURNOVER
    * 2020 FREE CASH FLOW WILL BE ABOVE EUR 130 MILLION AND THUS
SIGNIFICANTLY ABOVE LAST FORECAST
    * H2 SALES OF APPROXIMATELY EUR 900 MILLION
    * FOR 2020 FINANCIAL YEAR, ANNUAL GROUP SALES ARE NOW
EXPECTED TO
EXCEED EUR 1,500 MILLION

Source text for Eikon:  ID:nEQbWh3Hga 
Further company coverage:  PMAG.VI 

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