Brief: Francotyp-Postalia Sees Coronavirus Pandemic To Have Significant Impact On FY 2020

Francotyp Postalia Holding AG

31/03/2020 06:42

March 31 (Reuters) - FRANCOTYP POSTALIA HOLDING AG
 FPHG.DE :
    * SAID ON MONDAY THAT SARS-COV-2 PANDEMIC WILL HAVE A
SIGNIFICANT
IMPACT ON FISCAL YEAR 2020
    * MANAGEMENT BOARD PROPOSES TO WAIVE DIVIDEND FOR FY 2019
    * FY ADJUSTED EBITDA IMPROVED TO AROUND EUR 33 MILLION
(PREVIOUS
YEAR EUR 25.1 MILLION)
    * FY SALES REVENUE AT EUR 209 MILLION 
    * FY CONSOLIDATED NET RESULT AT PREVIOUS YEAR'S LEVEL DUE TO
IMPAIRMENTS OF THE GOODWILL OF FREESORT GMBH AND INTANGIBLE
ASSETS
    * NOW EXPECTS FOR 2020 A SIGNIFICANT DECLINE IN REVENUE,
EBITDA
AND ADJUSTED FREE CASH FLOW COMPARED TO THE PREVIOUS YEAR, VS
ORIGINALLY PLANNED REVENUE INCREASE OF 5% TO 8% AND EBITDA IN
THE RANGE OF EUR 30 TO 34 MILLION

Source text for Eikon:  ID:nEQ2mZ8vna 
Further company coverage:  FPHG.DE 

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