Brief: Do & Co FY EBITDA Down At EUR 70.1 Mln

DO & CO AG

16/06/2020 08:16

June 16 (Reuters) - DO & CO AG  DOCO.VI :
    * WILL PROPOSE TO GENERAL MEETING OF SHAREHOLDERS NOT TO
DISTRIBUTE DIVIDEND FOR BUSINESS YEAR 2019/2020
    * FY GROUP REVENUE (€ 935.37M / 10.3%)
    * FY GROUP NET RESULT € -24.87M
    * FY EBITDA DECREASED BY -12.8% ON THE PREVIOUS YEAR FROM €
80.37M
TO € 70.11M
    * IT IS ASSUMED THAT THE BUSINESS YEAR 2020/2021 WILL
CONTINUE TO
BE STRONGLY AFFECTED BY THE COVID-19 SITUATION.
    * FY EBIT, IMPAIRMENT RESULTED IN A NEGATIVE ANNUAL TOTAL OF
€
-1.92M (PY: € 51.45M)
    * SWIFT RETURN TO PRE-CRISIS LEVELS WAS CERTAINLY NOT
ASSUMED IN
DO & CO´S PLANNING AND SCENARIOS, BUT THAT THERE WILL BE A
LASTING RECOVERY ONLY AFTER TWO YEARS
    * FY NET FINANCIAL RESULT OF € -14.47M (PY: € -2.81M)
    * FY LOSS BEFORE INCOME TAX AMOUNTED TO € -16.39M

Source text for Eikon:  ID:nEQ6hMpbma 
Further company coverage:  DOCO.VI 

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