Brief: Brockhaus Capital Management Cuts 2020 Outlook

Brockhaus Technologies AG

13/11/2020 16:43

Nov 13 (Reuters) - Brockhaus Capital Management AG
 BKHTn.DE :
    * BCM CORRECTS GUIDANCE DUE TO COVID-19 AND EXPECTS A
SINGLE-DIGIT
PERCENTAGE DECLINE IN REVENUE COMPARED TO 2019 (PRO FORMA).
PRELIMINARY FIGURES 9M 2020 CONTINUE TO SHOW A MARGIN OF ABOVE
20% WITH REVENUE OF €
    * PRELIMINARY FIGURES 9M 2020 CONTINUE TO SHOW A MARGIN OF
ABOVE
20% WITH REVENUE OF EUR 33.9M
    * NO LONGER CONSIDERS IT MORE LIKELY THAN NOT THAT IT WILL
ACHIEVE
PREVIOUSLY COMMUNICATED GUIDANCE OF A MID-SINGLE-DIGIT
PERCENTAGE GROWTH IN RELATION TO PRO FORMA REVENUE IN 2019 OF
EUR 54.3 MILLION
    * CURRENTLY FORECASTING A SINGLE-DIGIT PERCENTAGE REVENUE
DECLINE
FOR FISCAL YEAR 2020 COMPARED TO PREVIOUS YEAR 2019 (ON A PRO
FORMA BASIS)
    * 9-MONTH PRELIMINARY ADJUSTED EBITDA OF EUR 7.0

Source text for Eikon:  ID:nEQb5XLYLa 
Further company coverage:  BKHTn.DE 

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