Brief: Bastei Luebbe FY Net Profit From Continuing Operations At EUR 1.9 Mln

Bastei Luebbe AG

14/07/2020 06:36

July 14 (Reuters) - BASTEI LUEBBE AG  BST1.DE :
    * FY COMPARED TO PREVIOUS YEAR (ADJUSTED), EBIT ROSE BY EUR
1.8
MILLION TO EUR 4.1 MILLION
    * FY AFTER INTEREST AND INCOME TAXES, BASTEI LÜBBE GROUP'S
NET
PROFIT FOR PERIOD FROM CONTINUING OPERATIONS AMOUNTED TO EUR 1.9
MILLION, COMPARED WITH EUR 0.7 MILLION IN PREVIOUS YEAR
    * FOR 2020/2021 FINANCIAL YEAR EXPECTS CONSOLIDATED SALES OF
BETWEEN EUR 85 AND 90 MILLION AND EBIT OF BETWEEN EUR 5 AND 6
MILLION
    * IN MEDIUM TERM, COMPANY IS AIMING FOR SALES OF AROUND EUR
100
MILLION WITH A STABLE EBIT MARGIN OF 6 TO 8 %
    * POSSIBLE ACQUISITIONS MUST FIT COMPANY STRATEGICALLY AND
FINANCIALLY AND STRENGTHEN CORE BUSINESS

Source text for Eikon:  ID:nEQ6xFdL5a 
Further company coverage:  BST1.DE 

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