Brief: Frequentis AG Company To Maintain FY 2020 Revenue At Around EUR 300 Million (2019 EUR 303.6 Million) According To Preliminary Figures

Frequentis AG

03/02/2021 19:47

Feb 3 (Reuters) - Frequentis AG  FQT.VI :
    * COMPANY TO MAINTAIN FY 2020 REVENUE AT AROUND EUR 300
MILLION
(2019: EUR 303.6 MILLION) ACCORDING TO PRELIMINARY FIGURES
    * FY 2020 EBIT IS EXPECTED TO INCREASE TO AROUND EUR 26
MILLION
ACCORDING TO PRELIMINARY FIGURES
    * EXPECTATION FOR ORDERS ON HAND AS AT 31 DECEMBER 2020 IS
MORE
THAN EUR 400 MILLION (31 DECEMBER 2019: EUR 391.5 MILLION)
    * DUE TO DELAYS IN AWARDING PROCESS CAUSED BY PANDEMIC, SOME
ORDERS WERE POSTPONED UNTIL 2021
    * FREQUENTIS  AG IN AUSTRIA DID NOT HAVE TO MAKE USE OF
CORONA
STATE AID
    * FY 2020 ORDER INTAKE WAS AROUND EUR 315 MILLION ACCORDING
TO
PRELIMINARY FIGURES

Source text for Eikon:  ID:nPexmvy7ma 
Further company coverage:  FQT.VI 

 ((Reuters.Briefs@thomsonreuters.com;))