Brief: Bauer Q1 EBIT Down At EUR 6.3 Mln

Bauer AG

13/05/2020 06:10

May 13 (Reuters) - BAUER AG  B5AG.DE :
    * BAUER AG STARTS OFF THE FINANCIAL YEAR WITH A SLIGHT DROP
IN
SALES AND INCREASED ORDER BACKLOG
    * Q1 LOSS AFTER TAX -5.0 MILLION EUR VERSUS -5.1 MILLION EUR
LOSS
YEAR AGO
    * Q1 REVENUE 390.2 MILLION EUR
    * Q1 TOTAL GROUP REVENUES FELL BY 5.0% FROM EUR 410.9
MILLION TO
EUR 390.2 MILLION
    * Q1 SALES REVENUES ALSO DROPPED BY 2.3%, FROM EUR 341.9
MILLION
TO EUR 334.0 MILLION
    * Q1 EBIT, AT EUR 6.3 MILLION, WAS BELOW PREVIOUS YEAR AT
EUR 10.5
MILLION;
    * Q1 EARNINGS AFTER TAX REMAINED CLOSE TO PREVIOUS YEAR'S
LEVEL
(PREVIOUS YEAR: EUR -5.1 MILLION)
    * Q1 ORDER BACKLOG GREW BY 6.9% TO EUR 1,092.7 MILLION
(PREVIOUS
YEAR: EUR 1,022.6 MILLION)
    * A SIGNIFICANT INCREASE IN EBIT AND A SIGNIFICANT INCREASE
IN
EARNINGS AFTER TAX IN POSITIVE AREA FOR 2020 FINANCIAL YEAR.
    * STILL EXPECTS TO ACHIEVE A SLIGHT INCREASE IN TOTAL GROUP
REVENUES FOR 2020

Source text for Eikon:  ID:nEQ39t5sQa 
Further company coverage:  B5AG.DE 

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