Brief: EDAG Engineering H1 Adj. EBIT Loss of EUR 14.9 Mln

EDAG Engineering AG

27/08/2020 06:42

Aug 27 (Reuters) - EDAG ENGINEERING GROUP AG  ED4.DE :
    * REVENUE DECREASE OF 14.8% IN H1
    * AT EUR -14.9 MILLION, H1 ADJUSTED EBIT WAS CONSEQUENTLY
DOWN ON
PREVIOUS YEAR'S FIGURE OF EUR 16.9 MILLION.
    * A DECLINE IN SALES AND EARNINGS IS STILL EXPECTED IN 2020
FINANCIAL YEAR COMPARED TO PREVIOUS YEAR
    * IT CANNOT BE ASSUMED THAT ACCUMULATED LOSS AFTER TAXES CAN
BE
COMPENSATED FOR IN COURSE OF H2.

Source text for Eikon:  ID:nEQ9tm5Kpa 
Further company coverage:  ED4.DE 

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