Brief: Vita 34 AG Says FY Group Revenues Increased By 44.5% To EUR 28.4 Mln

FamiCord AG

30/04/2022 22:55

April 30 (Reuters) - Vita 34 AG  V3VGn.DE :
    * DGAP-NEWS: VITA 34 AG: SPECIAL ITEMS REFLECTED IN
SIGNIFICANT
DECLINE IN EARNINGS DESPITE OPERATIONAL SUCCESS IN FISCAL 2021
    * FY GROUP REVENUES INCREASED BY 44.5 PERCENT TO EUR 28.4
MILLION
(2020: EUR 19.7 MILLION)
    * FY EARNINGS EBITDA WERE DOWN SIGNIFICANTLY BY 83.5% TO EUR
0.8
MILLION (2020: EUR 4.9 MILLION).
    * FY EARNINGS BEFORE INTEREST AND TAXES (EBIT) DECREASED
SIGNIFICANTLY TO EUR -3.1 MILLION (2020: EUR 2.0 MILLION)
    * COMPANY PLANS TO DYNAMICALLY ADJUST MARKETING AND SALES
COSTS IN
2022 DEPENDING ON MARKET DEVELOPMENTS
    * WAR-RELATED UNCERTAINTIES LED TO CHANGE IN CUSTOMER
DEMAND,
WHICH IS EXPECTED TO RESULT IN OVERALL WEAKER DEVELOPMENT OF
VITA 34 IN 2022
    * DUE TO DIFFICULT ECONOMIC ENVIRONMENT, MANAGEMENT BOARD
EXPECTS
A MODERATE DECLINE IN SALES AND EBITDA FOR VITA AG ITSELF

Source text for Eikon:  ID:nEQ8knRMPa 
Further company coverage:  V3VGn.DE 

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