Brief: Friwo H1 Net Result Swings To Loss Of EUR 2.7 Million

FRIWO AG

08/08/2019 09:08

Aug 8 (Reuters) - Friwo AG  CEAG.DE :
    * H1 GROUP SALES AT 49.7 MILLION EUROS, EBIT AT -2.3 MILLION
EUROS
    * DESPITE STRONGER HEADWINDS FROM THE MARKETS, WE WANT TO
RETURN
TO THE LONG-TERM GROWTH PATH IN 2020
    * H1 EBIT AT € -2.3 MILLION AFTER SIX MONTHS (PREVIOUS YEAR:
€ 2.1
MILLION)
    * H1 CONSOLIDATED NET INCOME AFTER TAXES OF EUR -2.7 MILLION
(PREVIOUS YEAR: EUR 1.3 MILLION)
    * NOW EXPECTS 2019 SALES IN THE RANGE OF € 103 TO 107
MILLION
(PREVIOUSLY: SLIGHT DECLINE COMPARED TO THE PREVIOUS YEAR'S
FIGURE OF € 120.5 MILLION).
    * IN THE CASE OF EBIT (2018: 7.5 MILLION EUROS), A BALANCED
RESULT
UP TO A VALUE OF -2.0 MILLION EUROS IS EXPECTED IN 2019.

Source text for Eikon:  ID:nEQ1f53xka 
Further company coverage:  CEAG.DE 

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