Brief: Deutsche Rohstoff H1 Loss At EUR 13.4 Million

Deutsche Rohstoff AG

14/08/2020 11:11

Aug 14 (Reuters) - DEUTSCHE ROHSTOFF AG  DR0G.DE :
    * HALF-YEAR FINANCIALS PUBLISHED
    * REPORTS A LOSS OF EUR 13.4 MILLION IN FIRST HALF OF 2020
    * H1 CONSOLIDATED NET INCOME BEFORE IMPAIRMENT LOSSES
AMOUNTED TO
EUR 1.2 MILLION
    * H1 REVENUES AMOUNTED TO EUR 26.1 MILLION (PREVIOUS YEAR:
EUR
24.2 MILLION) AND EBITDA TO EUR 15.8 MILLION (PREVIOUS YEAR: EUR
15.2 MILLION)
    * 2020 FULL YEAR FORECAST CHANGES AS FOLLOWS: • REVENUES ARE
EXPECTED TO BE AT HIGHER END OF FORECAST OF EUR 33 TO 37 MILLION
    * 2020 EBITDA IS NOW EXPECTED TO REACH EUR 15 TO 18 MILLION
(PREVIOUSLY EUR 15 MILLION).
    * 2020 CONSOLIDATED LOSS WILL INCREASE TO AROUND EUR 20
MILLION
(PREVIOUSLY: SINGLE-DIGIT NEGATIVE CONSOLIDATED NET INCOME) DUE
TO IMPAIRMENT CHARGES.

Source text for Eikon:  ID:nEQ27MdMSa 
Further company coverage:  DR0G.DE 

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