Brief: Friwo Q1 EBIT Loss At EUR 1.0 Mln

FRIWO AG

11/05/2022 10:00

May 11 (Reuters) - FRIWO AG  CEAG.DE :
    * Q1 QUARTERLY TURNOVER INCREASES BY 32% TO 29.0 MILLION
EUROS
    * Q1 EBIT IMPROVED TO EUR -1.0 MILLION, HIGHER COSTS DUE TO
COVID-19 WEIGH ON THE RESULT
    * Q1 ORDER BACKLOG ALMOST DOUBLED TO MORE THAN 100 MILLION
EUROS
    * EQUITY INVESTMENT BY UNO MINDA EXPECTED TO INCREASE EQUITY
RATIO
TO MORE THAN 25%
    * CONTINUED HIGH CONFIDENCE FOR 2022 AS A WHOLE: SALES
GROWTH IN
THE LOW TO MID DOUBLE-DIGIT PERCENTAGE RANGE AND TURNAROUND TO
POSITIVE RESULT EXPECTED
    * Q1 RESULT AFTER TAXES AT EUR -1.6 MILLION
    * Q1  CONSOLIDATED SALES INCREASED BY 32% FROM €22.0 MILLION
TO
€29.0 MILLION
    * INCOMING ORDERS ROSE QUARTER-ON-QUARTER TO 30.6 MILLION
EUROS AS
OF MARCH 31, 2022, COMPARED TO 29.9 MILLION EUROS AS OF MARCH
31, 2021. AT 100.4 MILLION EUROS (Q1-2021: 51.1 MILLION EUROS)

Source text for Eikon:  ID:nEQ5ZHLgLa 
Further company coverage:  CEAG.DE 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))