Brief: Bastei Lübbe Raises EBIT Forecast For 2021/22 FY

Bastei Luebbe AG

04/02/2022 16:21

Feb 4 (Reuters) - 
    * ONCE AGAIN RAISES EBIT FORECAST FOR THE 2021/2022
FINANCIAL YEAR
    * NOW EXPECTS EBIT OF EUR 14.5 TO 15.5 MILLION AT GROUP
LEVEL,
COMPARED TO A PREVIOUSLY COMMUNICATED FORECAST OF EUR 12 TO 13
MILLION
    * INCREASE RESULTS ON ONE HAND FROM SHORT-TERM REPAYMENT OF
A LOAN
IN AMOUNT OF EUR 1.4 MILLION, WHICH HAD ALREADY BEEN WRITTEN OFF
AND WHICH BASTEI LÜBBE AG HAD GRANTED TO ITS SUBSIDIARY DAEDALIC
ENTERTAINMENT GMBH
    * ON OTHER HAND, POSITIVE OPERATING DEVELOPMENT CONTINUED
BOTH IN
IMPORTANT CHRISTMAS SEASON AND IN COURSE OF Q4 TO DATE
    * WITH REGARD TO CONSOLIDATED SALES IN 2021/2022 FINANCIAL
YEAR,
EXECUTIVE BOARD NOW ASSUMES THAT UPPER END OF FORECAST OF EUR 90
TO 95 MILLION WILL BE ACHIEVED

Source text for Eikon:  ID:nEQ9H7ClHa 
Further company coverage:  BST1.DE 

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