Brief: Eurotech SPA Reports Nine Months Consolidated EBITDA At EUR -3.1 Million (EUR 4.9 Million As At 30.09.2020)

Eurotech SpA

12/11/2021 21:54

Nov 12 (Reuters) - Eurotech SpA  E5T.MI :
    * NINE MONTHS CONSOLIDATED EBITDA AT EUR -3.1 MILLION (EUR
4.9
MILLION AS AT 30.09.2020)
    * NINE MONTHS CONSOLIDATED EBIT AT EUR -6.5 MILLION (EUR 1.8
MILLION AS AT 30.09.2020)
    * NINE MONTHS CONSOLIDATED REVENUES AT EUR 43.95 MLN (EUR
52.57
MLN AS AT 30.09.2020, -12.5% BASED ON CONSTANT EXCHANGE RATES )
    * CONTINUING SHORTAGE OF ELECTRONIC COMPONENTS COULD IMPLY A
LENGTHENING OF TIME NEEDED TO CONVERT ORDER INTO TURNOVER
    * WITH REGARDS TO BACKLOG FOR 2022, IT IS 50% HIGHER THAN
BEGINNING OF 2021 FOR CURRENT YEAR, WITH GROWTH COMPARED TO +30%
RECORDED AT END JUNE
    * ORDER BACKLOG AT END OF SEPTEMBER WOULD BE SUFFICIENT TO
SUPPORT
A YOY GROWTH IN 2021 OF 7%

Source text for Eikon:  ID:nBIA2mpRnh 
Further company coverage:  E5T.MI 

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