Brief: Hartmann Expands Capacity In The USA And Europe And Lifts Investment Outlook

Broedrene Hartmann A/S

19/08/2020 10:43

Aug 19 (Reuters) - Broedrene Hartmann A/S  HARTb.CO :
    * HARTMANN EXPANDS CAPACITY IN THE USA AND EUROPE AND LIFTS
INVESTMENT OUTLOOK
    * IN 2020-2021, HARTMANN WILL INVEST AROUND DKK 150 MILLION
IN
COMPLETING ANOTHER SIGNIFICANT EXPANSION OF PRODUCTION CAPACITY
AT GROUP'S EXISTING FACTORY IN MISSOURI, USA
    * HARTMANN ADJUSTS INVESTMENT OUTLOOK FOR 2020 TO AROUND DKK
450
MILLION FROM AROUND DKK 400 MILLION.
    * INVESTMENTS ARE EXPECTED TO CONTRIBUTE TO GROUP REVENUE
AND
OPERATING PROFIT IN 2021.
    * HARTMANN MAINTAINS 2020 GUIDANCE OF REVENUE IN DKK 2.5-2.7
BILLION RANGE
    * HARTMANN MAINTAINS 2020 GUIDANCE PROFIT MARGIN OF 15-18%
BEFORE
SPECIAL ITEMS AND RESTATEMENT FOR HYPERINFLATION.

Source text: https://bit.ly/2E5i7Ti
Further company coverage:  HARTb.CO 

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