Brief: EDAG Engineering Group Suspends Dividend Due To Coronavirus Pandemic

EDAG Engineering AG

02/04/2020 06:50

April 2 (Reuters) - EDAG ENGINEERING GROUP AG  ED4.DE :
    * MEETS ADJUSTED ANNUAL TARGETS 2019
    * SUSPENSION OF DIVIDEND PAYMENT PROPOSED DUE TO CORONA
PANDEMIC
    * AT EUR 781.3 MILLION, FY REVENUES WERE SLIGHTLY BELOW
PREVIOUS
YEAR'S LEVEL OF EUR 792.3 MILLION.
    * AT EUR 33.0 MILLION, FY ADJUSTED EBIT WAS CONSEQUENTLY
DOWN ON
PREVIOUS YEAR'S FIGURE OF EUR 53.5 MILLION.
    * FY EARNINGS AFTER TAXES FELL TO EUR 7.0 MILLION (PREVIOUS
YEAR:
EUR 23.7 MILLION)
    * A DECLINE IN SALES AND EARNINGS IS EXPECTED IN 2020
FINANCIAL
YEAR

Source text for Eikon:  ID:nEQ6cvFmTa 
Further company coverage:  ED4.DE 

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