Brief: Bertrandt Cuts FY EBIT Outlook

Bertrandt AG

21/08/2019 16:05

Aug 21 (Reuters) - Bertrandt AG  BDTG.DE :
    * DGAP-ADHOC: BERTRANDT AG: ADJUSTED FORECAST CORRIDOR
REFLECTS
GATHERING ECONOMIC CLOUDS, INDUSTRY-SPECIFIC CHALLENGES AND KEY
DATA FOR THE THIRD QUARTER OF FISCAL 2018/2019
    * Q3 REVENUE 784.9 MILLION EUR VERSUS 752.6 MILLION EUR YEAR
AGO
    * THERE IS A GROWING RISK THAT EBIT CORRIDOR FORECAST IN
DECEMBER
2018 WILL NOT BE ACHIEVED
    * DEPENDING ON DEVELOPMENTS, AN EBIT MARGIN OF BETWEEN 5 AND
7.5
PERCENT (PREVIOUSLY BETWEEN 7 AND 9 PERCENT) MAY BE POSSIBLE
    * THIS TRANSLATES INTO EBIT OF BETWEEN EUR 52.1 AND 80.3
MILLION
(PREVIOUSLY BETWEEN EUR 72.9 AND 96.4 MILLION)
    * FORECAST OF INCREASED TOTAL REVENUES OF BETWEEN EUR 20 AND
50
MILLION AND POSITIVE CASH FLOW FROM OPERATING ACTIVITIES REMAINS
UNCHANGED
    * TOTAL REVENUES IN Q3 OF FISCAL 2018/2019 WERE EUR 784.9
MILLION
(PREVIOUS YEAR EUR 752.6 MILLION)
    * Q3 OPERATING PROFIT (EBIT) WAS EUR 46.1 MILLION (PREVIOUS
YEAR
EUR 49.4 MILLION)

Source text for Eikon:  ID:nEQ1nFJL1a 
Further company coverage:  BDTG.DE 

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