Brief: FACC Q1 EBIT At EUR 13.1 Mln

FACC AG

12/05/2020 06:48

May 12 (Reuters) - FACC AG  FACC.VI :
    * REVENUES IN THE FIRST THREE MONTHS OF 2020 AMOUNTED TO EUR
193.7
MILLION (REFERENCE PERIOD 2019: EUR 205.6 MILLION)
    * Q1 EBIT AT EUR 13.1 MILLION VERSUS EBIT LOSS OF EUR 8.3
MILLION
YEAR AGO
    * Q1 EARNINGS AFTER TAXES AT EUR 8.6 MILLION VERSUS LOSS OF
EUR
5.3 MILLION YEAR AGO
    * CURRENTLY, FACC HAS SUFFICIENT CREDIT LINES TO MEET
POTENTIAL
FUTURE REQUIREMENTS
    * WILL PROPOSE TO THE ANNUAL GENERAL MEETING THAT NO
DIVIDENDS BE
PAID FOR THE SHORT 2019 FINANCIAL YEAR
    * SUFFICIENT CREDIT LINES TO ALSO COVER FOR UPCOMING
REPAYMENT OF
A BOND WITH A VOLUME OF EUR 90 MILLION ON 24 JUNE 2020
    * IT IS NOT YET POSSIBLE TO MAKE A SOLID AND RELIABLE
FORECAST FOR
THE YEAR
    * SIGNIFICANT DEMAND AND PRODUCTION RESTRICTIONS ARE TO BE
EXPECTED IN THE FIRST HALF OF 2020 AND THE YEAR AS A WHOLE

Source text for Eikon:  ID:nAPA9pZPyc 
Further company coverage:  FACC.VI 

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