Brief: Einhell H1 Earnings Before Tax Down At 20.3 Million Euros

Einhell Germany AG

24/07/2019 14:16

July 24 (Reuters) - EINHELL GERMANY AG  EING_p.DE :
    * PRELIMINARY FINANCIAL FIGURES FOR THE FIRST HALF 2019 AND
FORECAST AS AT 31 DECEMBER 2019
    * IN FIRST HALF 2019 EINHELL GROUP HAS GENERATED REVENUES OF
ABOUT
EUR 323 MILLION IN COMPARISON WITH PREVIOUS YEAR OF EUR 309.6
MILLION
    * H1 EARNINGS BEFORE TAX WILL BE AROUND EUR 20.3 MILLION
(PREVIOUS
YEAR EUR 23.7 MILLION). PRE-TAX YIELD IS AROUND 6.3% (PREVIOUS
YEAR 7.7%)
    * ORIGINALLY PLANNED DEC 31, 2019 PRE-TAX RETURN OF 6.6%
CANNOT BE
REACHED. EINHELL GROUP EXPECTS A PRE-TAX YIELD OF ABOUT 5.5%
NOW.

Source text for Eikon:  ID:nEQ7pwKK7a 
Further company coverage:  EING_p.DE 

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