Brief: Elringklinger Q1 EBITDA Up At EUR 45.8 Mln

ElringKlinger AG

07/05/2020 06:40

May 7 (Reuters) - ELRINGKLINGER AG  ZILGn.DE :
    * Q1 2020: ELRINGKLINGER WITH STRONG GROWTH IN EARNINGS
DESPITE
LOWER REVENUE
    * Q1 GROUP REVENUE FALLS BY 10.2% TO EUR 396.2 MILLION
    * (EBITDA) AMOUNTED TO EUR 45.8 MILLION IN Q1 OF 2020 (Q1
2019:
EUR 34.8 MILLION)
    * Q1 ORDER INTAKE FELL BY 28.8% COMPARED TO SAME QUARTER A
YEAR
AGO, WHILE Q1 ORDER BACKLOG DIPPED BY 8.2%
    * WE STILL HAVE TO ASSUME THAT ANTICIPATED SHORTFALLS IN
REVENUE
WILL ALSO HAVE AN IMPACT ON EARNINGS
    * IT CAN BE ASSUMED FROM CURRENT PERSPECTIVE THAT IT WILL
NOT BE
POSSIBLE TO FULLY OFFSET EXPECTED REVENUE SHORTFALLS
    * GROUP ANTICIPATES THAT ITS EBIT MARGIN WILL BE VISIBLY
LOWER
COMPARED TO PREVIOUS YEAR
    * AS A RESULT, NET DEBT/EBITDA RATIO IS LIKELY TO BE ABOVE
PRIOR-YEAR FIGURE AT END OF 2020
    * GROUP EXPECTS TO ACHIEVE POSITIVE OPERATING FREE CASH FLOW
IN
2020 AS A WHOLE

Source text for Eikon:  ID:nEQ3xwk4ta 
Further company coverage:  ZILGn.DE 

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