Brief: Deufol FY Earnings Down At EUR 3.1 Million

Deufol SE

30/04/2020 07:13

April 30 (Reuters) - Deufol SE  DE1n.H :
    * FY SALES EUR 247.1 M (PRIOR YEAR EUR 265.1 M)
    * FY EBITDA EUR 28.2 M EUR (PRIOR YEAR EUR 18.8 M)
    * FY EAT EUR 3.1 M (PRIOR YEAR EUR 3.8 M)
    * FY EBIT(A) EUR 6.2 M (PRIOR YEAR EUR 9.8 M)
    * RETAINED EARNINGS WILL BE CARRIED FORWARD
    * PROPOSE THAT FULL RETAINED EARNINGS IN AN AMOUNT OF EUR
13.8 M
WILL BE CARRIED FORWARD.
    * IS UNABLE TO DELIVER AN ADEQUATE FINANCIAL FORECAST FOR
SALES
AND OPERATIONAL RESULTS
    * DUE TO CURRENT CORONA-PANDEMIC, DEUFOL WILL ENCOUNTER
EXTREMELY
CHALLENGING AND UNCERTAIN ECONOMIC CIRCUMSTANCES IN 2020
    * OUTLOOK 2020: EXPECT OPERATING RESULT (EBITDA) TO BE LOWER
THAN
2019
    * FROM TODAY'S VIEWPOINT, OPERATING BUSINESS OF DEUFOL GROUP
DOES
NOT NEED NEW ADDITIONAL FINANCING RESOURCES
    * OUTLOOK 2020: SHOULD BE ABLE TO COMPENSATE SOME OF
EXPECTED
SALES DECLINE

Source text for Eikon:  ID:nEQxyP2ra 
Further company coverage:  DE1n.H 

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