Brief: Dierig Holding H1 Earnings Before Taxes At EUR 1.4 Mln

Dierig Holding AG

19/08/2019 09:04

Aug 19 (Reuters) - DIERIG HOLDING AG  DIEG.DE :
    * H1 CONSOLIDATED SALES FALL BY 9.4 PERCENT TO 28.0 MILLION
EUROS
    * H1 EARNINGS BEFORE TAXES OF 1.4 MILLION EUROS (PREVIOUS
YEAR 2.4
MILLION EUROS)
    * SALES FORECAST ADJUSTED FOR THE DETERIORATED TEXTILE
ECONOMY FOR
2019 - EARNINGS FORECAST CONFIRMED
    * H1 OPERATING RESULT AT 1.1 MILLION EUROS (PREVIOUS YEAR:
1.6
MILLION EUROS)
    * WHILE A SLIGHT 2019 DECLINE IN DOMESTIC BEDLINEN SALES WAS
EXPECTED AT BEGINNING OF YEAR, STRONGER DECLINE IN SALES IN THIS
BUSINESS AREA IS EXPECTED
    * SALES GROWTH IN THE CONTRACT BUSINESS PROJECTED AT THE
SUBSIDIARY BIMATEX WILL NOT BE REALIZED UNTIL THE END OF THE
YEAR
    * IT IS LIKELY BED-LINEN BUSINESS IN SWITZERLAND AND DAMAS
TRADING
WITH CUSTOMERS IN WEST AFRICA WILL ALSO BE BELOW EXPECTATIONS

Source text for Eikon:  ID:nEQ7cR0f1a 
Further company coverage:  DIEG.DE 

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