Brief: Fortec Elektronik - H1 CONSOLIDATED EBIT EUR 1.9 Mln vs EUR 2.9 Mln YR Ago

Fortec Elektronik AG

08/02/2021 09:16

Feb 8 (Reuters) - FORTEC ELEKTRONIK AG  FEVG.DE :
    * H1 PRELIMINARY FIGURES, THE FIRST HALF OF THE 2020/2021
FINANCIAL YEAR CLOSED WITH CONSOLIDATED REVENUE OF AROUND €37.5
MILLION (PREVIOUS YEAR: €41.4 MILLION)
    * H1 A CONSOLIDATED EBIT OF €1.9 MILLION (PREVIOUS YEAR:
€2.9
MILLION).
    * THE BOARD OF MANAGEMENT OF FORTEC ELEKTRONIK HAS THEREFORE
DECIDED TODAY  TO LOWER THE FORECAST FOR THE CURRENT FISCAL YEAR
AS A PRECAUTIONARY MEASURE.
    * OUTLOOK: FOR THE 2020/2021 FINANCIAL YEAR, CO EXPECTS A
REDUCTION IN GROUP TURNOVER OF UP TO 20%.
    * OUTLOOK 2021: EXPECTS A REDUCTION IN GROUP EBIT OF BETWEEN
20%
AND 35%.
    * AS OF DECEMBER 31, 2020, THE ORDER BACKLOG FOR H1 AMOUNTED
TO
46.7 MILLION EUROS (PREVIOUS YEAR: 47.4 MILLION EUROS),
INDICATING THAT THE MEDIUM-TERM PROSPECTS FOR THE    FOR THE
COMPANY ARE QUITE POSITIVE

Source text for Eikon:  ID:nEQ9SgLHba 
Further company coverage:  FEVG.DE 

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