Brief: Friwo FY Consolidated EBIT Loss Widens To EUR 8 Mln

FRIWO AG

31/03/2022 09:03

March 31 (Reuters) - FRIWO AG  CEAG.DE :
    * DGAP-NEWS: FRIWO AG: FRIWO AG HERALDS PROFITABLE GROWTH
PHASE
DUE TO RECORD ORDER BOOK
    * - OUTLOOK 2022 DRIVEN BY HIGH DEMAND: LOW TO MID
DOUBLE-DIGIT
PERCENTAGE REVENUE GROWTH AND TURNAROUND TO POSITIVE EARNINGS
EXPECTED
    * FY EQUITY RATIO SIGNIFICANTLY IMPROVED TO 11.9%
    * FY DYNAMIC GROWTH IN NEW ORDERS (+41% TO EUR 149.9
MILLION) AS
WELL AS ORDER BOOK (+116% TO EUR 97.2 MILLION) PRIMARILY DRIVEN
BY E-MOBILITY BUSINESS
    * FY CONSOLIDATED EARNINGS BEFORE INTEREST AND TAXES (EBIT)
WERE
EUR -8.0 MILLION, COMPARED TO EUR -3.8 MILLION IN PREVIOUS YEAR
    * FY RESULT AFTER TAXES OF EUR -10.5 MILLION DID ALSO NOT
REACH
PREVIOUS YEAR'S LEVEL OF EUR -5.5 MILLION

Source text for Eikon:  ID:nEQ4x6qSRa 
Further company coverage:  CEAG.DE 

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