Brief: Delticom FY Net Income At EUR 7 Mln

Delticom AG

26/03/2021 08:44

March 26 (Reuters) - DELTICOM AG  DEXGn.DE :
    * TURNAROUND SUCCEEDED! POSITIVE NET INCOME OF € 7 MILLION
DESPITE
DECREASE IN REVENUES // EXPANSION OF THE MANAGEMENT BOARD //
CONTINUATION OF THE US BUSINESS
    * FY POSITIVE NET INCOME IN AMOUNT OF EUR 7 MILLION IN 2020
-
AFTER A LOSS OF EUR 41 MILLION IN 2019
    * OVER COURSE OF 2020, DELTICOM GROUP GENERATED REVENUES OF
EUR
541.3 MILLION, A DECREASE OF 13.5 % FROM PRIOR-YEAR'S EUR 625.8
MILLION.
    * FOR CURRENT FISCAL YEAR 2021, DELTICOM GROUP EXPECTS TOTAL
ANNUAL REVENUES IN A RANGE BETWEEN EUR 550 MILLION AND EUR 590
MILLION
    * EBITDA FOR FY INCREASED BY 326.6 % FROM EUR -6.6 MILLION
TO EUR
15.0 MILLION
    * FY EBIT ACHIEVED IN 2020 AMOUNTED TO EUR 5.4 MILLION,
AFTER EUR
-42.1 MILLION IN PREVIOUS YEAR
    * FOR EBITDA, MANAGEMENT BOARD IS PLANNING A RANGE OF EUR
16.0
MILLION AND EUR 20.0 MILLION, DEPENDING ON REVENUES IN 2021
    * RESTRUCTURING WILL RESULT IN EXTRAORDINARY EXPENSES,
PLANNING
THIS EFFECT IN AMOUNT OF AROUND EUR 4 MILLION.

Source text for Eikon:  ID:nEQ7H4xgba 
Further company coverage:  DEXGn.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))