Brief: Bauer H1 EBIT Down At EUR 6.5 Mln

Bauer AG

13/08/2020 06:34

Aug 13 (Reuters) - BAUER AG  B5AG.DE :
    * RECORDS A DECLINE IN REVENUES AND EARNINGS DUE TO
CORONAVIRUS
PANDEMIC
    * RECORDED A DECREASE IN TOTAL GROUP REVENUES BY 12.8% FOR
FIRST
HALF OF 2020 COMPARED TO SAME PERIOD OF PREVIOUS YEAR, FROM EUR
831.6 MILLION TO EUR 725.0 MILLION
    * H1 SALES REVENUES FELL BY 13.0% TO EUR 648.5 MILLION AND
AT EUR
6.5 MILLION, EBIT WAS SIGNIFICANTLY BELOW PREVIOUS YEAR'S VALUE
OF EUR 35.3 MILLION
    * H1 EARNINGS AFTER TAXES WERE CLEARLY NEGATIVE AND AMOUNTED
TO
EUR -16.0 MILLION (PREVIOUS YEAR: EUR -0.4 MILLION)
    * H1 ORDER BACKLOG IN GROUP INCREASED VERY SIGNIFICANTLY BY
25.1%
AND ALSO INCREASED BY 24.1% TO EUR 1,275.7 MILLION COMPARED TO
END OF 2019
    * IS STILL UNABLE TO CREATE ROBUST PLANS AND, CONSEQUENTLY,
TO
PROVIDE A SPECIFIC NEW FORECAST FOR 2020 FINANCIAL YEAR

Source text for Eikon:  ID:nEQ6SNfYa 
Further company coverage:  B5AG.DE 

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