Brief: Bauer AG Issues New Forecast For FY 2020

Bauer AG

03/11/2020 10:26

Nov 3 (Reuters) - BAUER AG  B5AG.DE :
    * ISSUES NEW FORECAST FOR THE 2020 FINANCIAL YEAR
    * GROUP REVENUES AS OF SEPTEMBER 30, 2020 AMOUNTED TO EUR
1.1
BILLION (PREVIOUS YEAR: EUR 1.24 BILLION)
    * EBIT WAS EUR 21.6 MILLION (PREVIOUS YEAR: EUR 48.5
MILLION) AND
EARNINGS AFTER TAX WERE EUR -13.2 MILLION (PREVIOUS YEAR: EUR
-0.4 MILLION) AS OF SEPT 30, 2020
    * FOR 2020 FINANCIAL YEAR, NOW EXPECTS TOTAL GROUP REVENUES
OF
AROUND EUR 1.5 BILLION
    * FOR 2020 EXPECTS EBIT OF ABOUT SAME AS PREVIOUS YEAR AND
NEGATIVE EARNINGS AFTER TAX THAT ARE ANTICIPATED TO BE
SIGNIFICANTLY BETTER THAN PREVIOUS YEAR AND BETTER THAN EUR -20
MILLION

Source text for Eikon:  ID:nEQ8kXSdca 
Further company coverage:  B5AG.DE 

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