Brief: Bauer FY EBIT Up At EUR 55.5 Mln

Bauer AG

13/04/2021 06:04

April 13 (Reuters) - BAUER AG  B5AG.DE :
    * ACHIEVES SIGNIFICANT IMPROVEMENT IN EARNINGS FOR 2020
DESPITE
DECREASE IN REVENUES
    * FY EBIT 55.5 MILLION EUR VERSUS 33.7 MILLION EUR YEAR AGO
    * FY REVENUE FELL 8.8 PERCENT TO 1.454 BILLION EUR
    * FORECAST FOR 2021: TOTAL GROUP REVENUES OF BETWEEN EUR
1,550
MILLION AND EUR 1,650 MILLION AND EBIT OF BETWEEN EUR 75 AND EUR
85 MILLION.
    * NO DIVIDENDS WILL BE DISTRIBUTED
    * IN MEDIUM TERM, HOWEVER, BAUER CONTINUES TO MAINTAIN ITS
DIVIDEND POLICY, WHICH PLANS FOR A DIVIDEND RATIO OF
APPROXIMATELY 25 TO 30% OF REPORTED EARNINGS AFTER TAXES

Source text for Eikon:  ID:nEQ6V9hf2a 
Further company coverage:  B5AG.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))