Brief: EDAG Engineering Q1 Adjusted EBIT At EUR 3.8 Mln
07/05/2020 06:43
May 7 (Reuters) - EDAG ENGINEERING GROUP AG ED4.DE :
* BUSINESS DEVELOPMENT IN THE FIRST QUARTER OF 2020
INFLUENCED BY
THE CORONA PANDEMIC
* Q1 REVENUES DECLINED BY 2.4 PERCENT TO EUR 193.2 MILLION
(PREVIOUS YEAR: EUR 197.9 MILLION)
* Q1 GROUP'S ADJUSTED EBIT WAS AT EUR 3.8 MILLION (PREVIOUS
YEAR:
EUR 11.0 MILLION)
* EFFECTS OF CORONA PANDEMIC ON BUSINESS DEVELOPMENT IN 2020
CAN
STILL NOT BE ASSESSED AND EVALUATED WITH CERTAINTY IN TERMS OF
EXTENT AND DURATION
* COMPANY STILL EXPECTS A DECLINE IN SALES AND EARNINGS
COMPARED
TO PREVIOUS YEAR, WHICH IN WORST CASE CAN HAVE A SIGNIFICANT
IMPACT ON EARNINGS SITUATION
* ANNUAL SHAREHOLDER'S MEETING WILL TAKE PLACE ON 24 JUNE
2020 IN
ZURICH
* DUE TO SPREAD OF CORONAVIRUS INDIVIDUAL ATTENDANCE BY
SHAREHOLDERS TO ANNUAL SHAREHOLDERS' MEETING IS, EXCEPTIONALLY,
NOT POSSIBLE
Source text for Eikon: ID:nEQ2ms1hJa
Further company coverage: ED4.DE
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