Brief: Bastei Lübbe AG Makes Impairment Adjustment To Subsidiary And Lowers Earnings Forecast For Fiscal Year 2022/2023

Bastei Luebbe AG

04/11/2022 16:58

Nov 4 (Reuters) - Bastei Luebbe Ag  BST1.DE :
    * EQS-ADHOC: BASTEI LÜBBE AG MAKES IMPAIRMENT ADJUSTMENT TO
SUBSIDIARY AND LOWERS EARNINGS FORECAST FOR FISCAL YEAR
2022/2023
    * WILL GENERATE AN OPERATING RESULT (EBIT) IN RANGE OF EUR
6.0 TO
7.0 MILLION IN FULL FISCAL YEAR 2022/2023
    * SEES  FY EBIT MARGIN WILL  BE 6.5 TO 7.5 PERCENT
(PREVIOUSLY: 10
TO 11 PERCENT)
    * EXCLUDING IMPAIRMENT LOSS ON CARRYING AMOUNT OF
SMARTICULAR,
OPERATING EBIT MARGIN WOULD BE 8.5 TO 9.5 PERCENT IN FY

Source text for Eikon:  ID:nEQ2Dhx4ka 
Further company coverage:  BST1.DE 
 ((Reuters.Briefs@thomsonreuters.com;))