Brief: Friwo Says FY EBIT AT MINUS EUR 15.6 Mln

FRIWO AG

26/03/2020 08:40

March 26 (Reuters) - Friwo AG  CEAG.DE :
    * FURTHER BUSINESS DEVELOPMENT IN 2020 IS HEAVILY DEPENDENT ON THE EFFECTS OF THE
CORONAVIRUS
CRISIS
    * FY EBIT AT MINUS EUR 15.6 MILLION, INCLUDING EUR 11 MILLION ONE-TIME AND SPECIAL EXPENSES
FOR
THE TRANSFORMATION
    * FY GROUP SALES AT EUR 95.8 MILLION • EBIT AT MINUS 15.6 MILLION EUROS
    * GLOBAL IMPACT OF THE GLOBAL COVID-19 PANDEMIC HAS SO FAR BEEN MODERATE
    * SYNDICATED LOAN AGREED WITH GERMAN BANKS BY THE END OF 2022
    * FY EARNINGS AFTER TAXES OF EUR -11.3 MILLION (2018: EUR 5.3 MILLION).
    * NEW FINANCING CONCEPT PROVIDES FOR NO DIVIDEND PAYMENTS BY THE END OF 2022

Source text for Eikon:  ID:nEQ6wT8L7a 
Further company coverage:  CEAG.DE 

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