Brief: Einhell Germany FY Earnings Before Tax Down At EUR 32.5 Mln

Einhell Germany AG

07/04/2020 13:59

April 7 (Reuters) - EINHELL GERMANY AG  EING_p.DE :
    * FINANCIAL FIGURES OF 2019 / ADJUSTMENT OF FORECAST
    * FOR FINANCIAL YEAR 2019, EINHELL GROUP GENERATED REVENUES
OF EUR
605.7 MILLION IN COMPARISON WITH PREVIOUS YEAR OF EUR 577.9
MILLION
    * FY EARNINGS BEFORE TAX OF EUR 32.5 MILLION (PREVIOUS YEAR
EUR
36.0 MILLION)
    * FY NET INCOME AFTER MINORITY'S INTEREST AMOUNTS TO EUR
24.3
MILLION (PREVIOUS YEAR EUR 25.9 MILLION)
    * THERE WILL BE A DECLINE IN REVENUES FOR 2020 FINANCIAL
YEAR
COMPARED TO PREVIOUS YEAR, WHICH CAN BE IN DOUBLE-DIGIT
PERCENTAGE RANGE
    * TO PROPOSE DIVIDEND OF EUR 1.40 PER PREFERRED SHARE AND
EUR 1.34
PER COMMON SHARE
    * EXPECTED DECLINE IN EARNINGS FOR THIS REASON CAN NOT YET
BE
QUANTIFIED DUE TO TOO MANY GLOBAL UNCERTAINTY FACTORS
    * FORECAST PUBLISHED ON MARCH 9, 2020, IN WHICH NO
SIGNIFICANT
EFFECTS OF CORONA CRISIS HAD BEEN PROCESSED, WILL NO LONGER BE
MAINTAINED
    * GROUP WILL CONTINUE TO BE PROFITABLE IN 2020 IN SPITE OF
CORONA'S SIGNIFICANT ECONOMIC IMPACT
    * CONSOLIDATED REVENUES IN FIRST THREE MONTHS OF 2020
FINANCIAL
YEAR AMOUNT TO ABOUT EUR 154 MILLION

Source text for Eikon:  ID:nEQ2wB39wa 
Further company coverage:  EING_p.DE 

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