Brief: Bauer Aktiengesellschaft Says Individual Value Adjustment From A Legal Dispute Affects Consolidated Financial Statement 2019 Of Bauer AG
18/03/2020 19:18
March 18 (Reuters) - Bauer AG B5AG.DE :
* DGAP-ADHOC: BAUER AKTIENGESELLSCHAFT: INDIVIDUAL VALUE
ADJUSTMENT FROM A LEGAL DISPUTE AFFECTS CONSOLIDATED FINANCIAL
STATEMENT 2019 OF BAUER AG
* GROUP WILL NOT ACHIEVE ITS FORECAST FOR 2019 GIVEN TO DATE
* BAUER - CONSOLIDATED FINANCIAL STATEMENT FOR 2019 WILL BE
NEGATIVELY AFFECTED BY AN INDIVIDUAL VALUE ADJUSTMENT TO BE MADE
DUE TO A LEGAL DISPUTE
* EBIT AND EARNINGS AFTER TAXES FOR FY 2019 WILL FALL BY
AROUND
EUR 40 MILLION COMPARED WITH LAST FORECAST
* BAUER - RULING FROM HONG KONG HIGH COURT, WITH UNEXPECTED
NEGATIVE OUTCOME, ENDS APPEAL IN STATE COURTS IN RELATION TO
ARBITRATION RULING MADE IN 2018
* BAUER -NO DIVIDEND WILL BE PAID TO SHAREHOLDERS FOR 2019
FINANCIAL YEAR
Source text for Eikon: ID:nEQ8VkPpQa
Further company coverage: B5AG.DE
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