Brief: Pierer Mobility Increases Forecast For H2 2020

Bajaj Mobility AG

28/09/2020 11:17

Sept 28 (Reuters) - PIERER MOBILITY AG  PMAG.VI :
    * INCREASES FORECAST FOR THE 2ND HALF OF 2020
    * TO INCREASE SALES FORECAST PUBLISHED AT END OF AUGUST 2020
FOR
SECOND HALF OF 2020 TO OVER EUR 850 MILLION (PREVIOUSLY:> EUR
800 MILLION)
    * SALES FOR SECOND HALF OF YEAR WILL BE MORE THAN 10 PERCENT
HIGHER THAN IN SAME PERIOD LAST YEAR (EUR 765.3 MILLION).
    * EXPECTED EBIT MARGIN FOR FINANCIAL YEAR 2020 (4% TO 6% OF
SALES)
AND POSITIVE FREE CASH FLOW OUTLOOK OF OVER EUR 30 MILLION ARE
CONFIRMED UNCHANGED.
    * EXPECTED EBIT MARGIN FOR FINANCIAL YEAR 2020 (4% TO 6% OF
SALES)
AND POSITIVE FREE CASH FLOW OUTLOOK OF OVER EUR 30 MILLION ARE
CONFIRMED UNCHANGED.

Source text for Eikon:  ID:nEQb3RxZxa 
Further company coverage:  PMAG.VI 

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