Brief: Delticom H1 Net Result Turns Negative

Delticom AG

15/08/2019 07:59

Aug 15 (Reuters) - Delticom AG  DEXGn.DE :
    * SAID ON WEDNESDAY DGAP-NEWS: DELTICOM PUBLISHES SEMI-ANNUAL REPORT 2019 // EXPANSION OF
THE
MANAGEMENT BOARD
    * H1 REVENUES OF EUR 285 MILLION, A DECREASE OF 2 % (H1 18: EUR 291 MILLION)
    * H1 GROSS PROFIT REMAINED WITH EUR 76.9 MILLION NEARLY UNCHANGED COMPARED TO THE PREVIOUS
YEAR
    * H1 EBITDA AMOUNTED TO EUR -3.7 MILLION (H1 18: EUR 6.8 MILLION, -154 %)
    * CONSOLIDATED NET INCOME IN THE FIRST HALF OF THE YEAR TOTALLED EUR -8 MILLION AFTER EUR 2
MILLION IN H1 18
    * CHEDULED RESTRUCTURING COSTS FOR ALLYOUNEED FRESH IN THE SECOND HALF OF 2019 WILL BE
SIGNIFICANTLY LOWER THAN IN THE REPORTING PERIOD
    * WINTER BUSINESS IN THE FOURTH QUARTER WILL AGAIN BE DECISIVE FOR THE DEVELOPMENT FOR THE
YEAR AS
A WHOLE
    * EXPECTS A POSITIVE SALES TREND FOR THE SECOND HALF OF THE YEAR
    * CONTINUES TO EXPECT TO ACHIEVE TOTAL ANNUAL REVENUES IN A RANGE BETWEEN EUR 660 MILLION
AND EUR
690 MILLION, ACCOMPANIED BY EBITDA BETWEEN EUR 8 MILLION AND EUR 12.5 MILLION
    * WITH EFFECT FROM 15.08.2019, THE SUPERVISORY BOARD OF DELTICOM AG APPOINTED THOMAS LOOCK
AS
CHIEF FINANCIAL OFFICER OF THE COMPANY

Source text for Eikon:  ID:nEQ8rsk7va 
Further company coverage:  DEXGn.DE 

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