Brief: Einhell Jan-May Revenues At EUR 273 Million

Einhell Germany AG

16/06/2020 13:02

June 16 (Reuters) - EINHELL GERMANY AG  EING_p.DE :
    * FOR PERIOD JANUARY TO MAY 2020, GROUP REVENUES AMOUNT TO
EUR 273
MILLION (PREVIOUS YEAR EUR 273.3 MILLION)
    * IN MAY, VERY POSITIVE REVENUES WERE RECORDED IN ALMOST ALL
SALES
CHANNELS DUE TO HIGH DEMAND
    * DOES NOT RULE OUT THAT FORECAST FOR YEAR 2020 ISSUED AT
BEGINNING OF YEAR WITH REVENUE OF EUR 610 MILLION AND A PRETAX
YIELD OF 5.5% COULD NOW BE ACHIEVED
    * WAS ABLE TO COMPENSATE SALES DECLINES CAUSED BY CORONA
PANDEMIC
IN MARCH AND APRIL
    * FORECAST ASSUMES NO SECOND WAVE OF COVID19 INFECTIONS AND
LOCKDOWNS WILL OCCUR IN MARKETS THAT ARE RELEVANT FOR EINHELL

Source text for Eikon:  ID:nEQ6VYhC7a 
Further company coverage:  EING_p.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))