Brief: DAC Scales Down Expectations

Danish Aerospace and Defence A/S

15/11/2021 11:53

Nov 15 (Reuters) - Danish Aerospace Company A/S  DACA.CO :
    * REG-DANISH AEROSPACE COMPANY A/S HAS RECEIVED SUPPORT ON
ESA
CO-FUNDING DEVELOPING A FULL PROTOTYPE OF A WATER RECOVERY
SYSTEM (WRU) FOR SPACE AND DISASTER ZONES. FURTHERMORE, THE
EXPECTATIONS FOR THIS YEAR ARE SCALED DOWN.
    * GTSP SUPPORT MEANS THAT ACTIVITIES NOW ARE EXPECTED TO
START IN
BEGINNING OF 2022.
    * DAC NOW EXPECTS A TURNOVER JUST BELOW PREVIOUSLY ANNOUNCED
LEVEL
OF DKK 22-25M
    * NOW EXPECTS EBITDA OF AROUND DKK 2M (PREVIOUSLY EXPECTED
DKK
3-5M).

Source text for Eikon:  ID:nGNEb39fmz 
Further company coverage:  DACA.CO 

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