Brief: Bastei Lübbe Says To Close 2020-2021 Financial Year Presumably Better Than Expected

Bastei Luebbe AG

21/01/2021 18:22

Jan 21 (Reuters) - Bastei Luebbe AG  BST1.DE :
    * DGAP-ADHOC: BASTEI LÜBBE AG: BASTEI LÜBBE TO CLOSE 2020 / 2021 FINANCIAL YEAR PRESUMABLY
BETTER
THAN EXPECTED
    * BASTEI LUEBBE - EXECUTIVE BOARD EXPECTS CONSOLIDATED SALES OF ABOUT EUR 90 MILLION FOR
FULL YEAR
INSTEAD OF PREVIOUS FIGURE OF APPROXIMATELY EUR 85 MILLION
    * BASTEI LUEBBE AG - CONSOLIDATED EARNINGS BEFORE INTEREST AND TAXES (EBIT) FOR FULL YEAR
ARE
EXPECTED TO INCREASE TO BETWEEN EUR 7 MILLION AND EUR 8 MILLION
    * BASTEI LUEBBE AG - COST REDUCTIONS INITIATED SINCE OCTOBER 2020 WITH A VIEW TO POSSIBLE
CORONA
RISKS ARE HAVING A POSITIVE IMPACT ON EARNINGS
    * BASTEI LUEBBE AG - EXECUTIVE BOARD POINTS OUT THAT EXISTING LOCKDOWN SITUATION CONTINUES
TO
GENERATE HIGH RISK VOLATILITY THAT IS DIFFICULT TO PREDICT

Source text for Eikon:  ID:nEQbZ3HNDa 
Further company coverage:  BST1.DE 

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