Brief: Bauer 9-Month EBIT At EUR 24 Mln

Bauer AG

02/11/2021 11:07

Nov 2 (Reuters) - BAUER AG  B5AG.DE :
    * ADJUSTS FORECAST FOR THE 2021 FINANCIAL YEAR
    * TOTAL GROUP REVENUES AS OF SEPTEMBER 30, 2021 WERE EUR
1,150
MILLION (PREVIOUS YEAR: EUR 1,098 MILLION)
    * 9-MONTH EBIT WERE ABOUT EUR 24 MILLION (PREVIOUS YEAR: EUR
29.8
MILLION) AND EARNINGS AFTER TAXES WERE AROUND EUR -6 MILLION
(PREVIOUS YEAR: EUR -13.2 MILLION).
    * FORECAST FOR BUSINESS YEAR 2021 GIVEN IN 2020 ANNUAL
REPORT CAN
NO LONGER BE ACHIEVED. PREVIOUSLY, AN EBIT OF BETWEEN EUR 75
MILLION AND EUR 85 MILLION HAD BEEN EXPECTED. COMPANY NOW
EXPECTS TO ACHIEVE EBIT OF BETWEEN EUR 35 MILLION AND EUR 45
MILLION BY END OF YEAR
    * GROUP'S EARNINGS AFTER TAXES AT END OF 2021 WILL BE
APPROXIMATELY AT SAME LEVEL AS IN PREVIOUS YEAR
    * FULL YEAR FORECAST FOR TOTAL GROUP REVENUES HAS BEEN
ADJUSTED TO
A NEW RANGE BETWEEN EUR 1,530 MILLION AND EUR 1,570 MILLION

Source text for Eikon:  ID:nEQ9sNt3Za 
Further company coverage:  B5AG.DE 

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