Brief: Gabriel Holding Upwardly Adjusts Expectations For Financial Year

Gabriel Holding A/S

10/06/2020 12:28

June 10 (Reuters) - Gabriel Holding A/S  GABR.CO :
    * REG-GABRIEL HOLDING A/S REALIZED A PROFIT BEFORE TAX IN
APRIL
AND MAY WHICH EXCEEDS THE MANAGEMENT’S EXPECTATIONS. THE
EXPECTATIONS FOR THE FINANCIAL YEAR 2019/20 ARE UPWARDLY
ADJUSTED DESPITE CONTINUED UNCERTAINTY AND LIMITED MARKET
VISIBILITY
    * REVENUE REALIZED IN APRIL AND MAY CORRESPONDS TO MOST
RECENT
EXPECTATIONS, WHILE PROFIT BEFORE TAX IS REALIZED ABOVE
EXPECTATIONS
    * EXPECTATIONS FOR FINANCIAL YEAR ARE UPWARDLY ADJUSTED
    * SEES EXPECTATION FOR ENTIRE FINANCIAL YEAR 2019/20 OF
REVENUE OF
DKK 680-700 MILLION (DKK 708 MILLION LAST YEAR)
    * SEES EXPECTATION FOR ENTIRE FINANCIAL YEAR 2019/20 OF
PROFIT
BEFORE TAX OF DKK 22-27 MILLION (DKK 69.3 MILLION LAST YEAR)
    * IT SHOULD BE NOTED THAT EXPECTATIONS CONTINUE TO BE
SUBJECT TO A
HIGH DEGREE OF UNCERTAINTY AS OUTBREAK OF CORONAVIRUS (COVID-19)
IN PARTICULAR, LIMITS VISIBILITY OF MARKET

Source text for Eikon:  ID:nGNE5s77xc 
Further company coverage:  GABR.CO 

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