Brief: Elringklinger Suspends Dividend To Strengthen Internal Financing

ElringKlinger AG

30/03/2020 08:42

March 30 (Reuters) - Elringklinger AG  ZILGn.DE :
    * FY REVENUE ROSE 1.6 PERCENT TO 1.727 BILLION EUR
    * DIVIDEND SUSPENDED TO STRENGTHEN INTERNAL FINANCING
    * REFRAINS FROM GIVING OUTLOOK AT PRESENT FOR CURRENT YEAR DUE TO STRONG DYNAMICS OF
CORONAVIRUS
PANDEMIC
    * FY REVENUE UP BY 1.6% TO EUR 1,727 MILLION IN 2019 CONTRARY TO MARKET TREND
    * MEASURES AIMED AT RAISING EFFICIENCY LEVELS LEAD TO MARKED IMPROVEMENT IN OPERATING FREE
CASH
FLOW; NET DEBT SCALED BACK

Source text for Eikon:  ID:nEQ7jN8vPa 
Further company coverage:  ZILGn.DE 

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