Brief: Edding FY EBIT Down At EUR 9.7 Mln

edding AG

13/03/2020 13:07

March 13 (Reuters) - EDDING AG  EDDG_p.F :
    * FY CONSOLIDATED SALES OF EUR 141.8 MILLION (PREVIOUS YEAR:
EUR
140.9 MILLION)
    * STABLE DIVIDEND OF EUR 2.45 PER SHARE  PREFERRED SHARE AND
EUR
2.40 PER COMMON SHARE
    * FY (EBIT) DOWN AT EUR 9.7 MILLION, 26.0% BELOW THE
PREVIOUS YEAR
(EUR 13.1 MILLION)
    * DUE TO THE RESTRICTIONS IMPOSED BY THE  CORONA SPREAD ONLY
MINOR
EFFECTS ON THE SUPPLY CHAIN
    * FOR 2020, EXPECTS GROUP SALES BETWEEN EUR 140.0 AND 155.0
MILLION (PREVIOUSLY EUR 145.0 TO 160.0 MILLION).
    * FOR 2020, EXPECTS GROUP EBIT IN RANGE FROM 9.0 TO 13.0
MILLION
    * 2020 CORRIDOR FOR ANNUAL PROFIT IN THE INDIVIDUAL
FINANCIAL
STATEMENTS OF EDDING AG IS REDUCED FROM EUR 5.0 TO 7.0 MILLION
TO EUR 4.0 TO 6.0 MILLION
    * CANNOT RULE OUT THE POSSIBILITY THAT DUE TO CORONA
DELIVERY
PROBLEMS FOR FURTHER PRODUCTS WILL OCCUR IN THE NEAR FUTURE

Source text for Eikon:  ID:nEQ1KWcdWa 
Further company coverage:  EDDG_p.F 

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