Brief: Funkwerk Sees Euromicron's Insolvency Protection Proceedings To Weigh On FY Statements

Funkwerk AG

11/12/2019 09:53

Dec 11 (Reuters) - FUNKWERK AG  FEWG.F :
    * SAYS RECEIVED INFORMATION THAT EUROMICRON AG, IN WHICH
FUNKWERK
HOLDS A 15.36% STAKE, WILL FILE AN APPLICATION FOR INITIATION OF
A PROTECTIVE SHIELD PROCEDURE
    * SAYS DEVALUATION OF EQUITY INTEREST IN EUROMICRON IS
EXPECTED TO
SIGNIFICANTLY AFFECT NET INCOME OF FUNKWERK IN CURRENT FY
    * OPERATING BUSINESS OF COMPANY WILL NOT BE AFFECTED, THE
FORECAST
FOR 2019 IN TERMS OF SALES AND OPERATING INCOME IS CONFIRMED

Source text for Eikon:  ID:nEQ23CKg9a 
Further company coverage:  FEWG.F 

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