Brief: Fortec Elektronik Q3 EBIT Down At EUR 5.2 Million

Fortec Elektronik AG

20/05/2020 11:39

May 20 (Reuters) - FORTEC ELEKTRONIK AG  FEVG.DE :
    * Q3 REVENUE EUR 66 MILLION VERSUS EUR 67.0 MILLION YEAR AGO
    * Q3 EBIT FELL FROM EUR 6.1 MILLION TO AROUND EUR 5.2
MILLION
    * Q3 ORDER BACKLOG AT THE END OF APRIL WAS EUR 45.8 MILLION
(PREVIOUS YEAR: EUR 47.1 MILLION)
    * FOR THE 2019/2020 FINANCIAL YEAR, NOW EXPECTS ORGANIC
SALES TO
DECLINE BY UP TO 15%
    * BUSINESS DEVELOPMENT WILL STILL BE IMPACTED BY COVID
    * EXPECTS 2019/2020 EBIT TO DROP BY 10% TO 35% VERSUS YEAR
AGO

Source text for Eikon:  ID:nEQbqYV9xa 
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