Brief: Edding Sees 2022 Net Profit At EUR 0.5 - 3.5 Mln

edding AG

28/02/2022 09:39

Feb 28 (Reuters) - EDDING AG  EDDG_p.F :
    * CHANGE IN FORECAST FOR THE 2022 FINANCIAL YEAR
    * 2021: PRELIMINARY RESULT LARGELY WITHIN FORECAST CORRIDORS
    * 2022: MODERATELY LOWER GUIDANCE DUE TO WAR IN UKRAINE
    * 2022 ANNUAL GENERAL MEETING: STABLE DIVIDEND PAY-OUT
PLANNED
    * MANAGEMENT BOARD WILL PROPOSE TO ANNUAL GENERAL MEETING AN
UNCHANGED DIVIDEND OF EUR 1.84 PER PREFERENCE SHARE AND EUR 1.80
PER ORDINARY SHARE
    * 2022 NET PROFIT FOR YEAR IN INDIVIDUAL FINANCIAL
STATEMENTS OF
EDDING AG UNDER GERMAN COMMERCIAL LAW IS EXPECTED TO BE BETWEEN
EUR 0.5 AND 3.5 MILLION (PREVIOUSLY: EUR 1.0 TO 4.0 MILLION).
    * OPERATING RESULT ACCORDING TO IFRS (EBIT) - SUBJECT TO
FINAL
RESULT OF AUDIT OF CONSOLIDATED FINANCIAL STATEMENTS - IS AT EUR
6.9 M 15.2 % BELOW PREVIOUS YEAR (EUR 8.1 M)
    * DECLINE PARTICULARLY RESULTS FROM UNSCHEDULED DEPRECIATION
OF
GOODWILL
    * NET INCOME FOR YEAR IN INDIVIDUAL FINANCIAL STATEMENTS OF
EDDING
AG ACCORDING TO GERMAN COMMERCIAL LAW AMOUNTS TO EUR 5.2 M
(PREVIOUS YEAR EUR 4.2 M)
    * FY NET INCOME IS ABOVE LAST GUIDANCE OF EUR 0.5 TO 3.5 M
DUE TO
A ONE-OFF EFFECT FROM RELEASE OF A PENSION PROVISION

Source text for Eikon:  ID:nEQ1N22S3a 
Further company coverage:  EDDG_p.F 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))