Brief: Gabriel Holding Upwardly Adjusts Its Expectations For FY 2019/20

Gabriel Holding A/S

10/08/2020 14:06

Aug 10 (Reuters) - Gabriel Holding A/S  GABR.CO :
    * REG-GABRIEL HOLDING A/S UPWARDLY ADJUSTS ITS EXPECTATIONS
FOR
THE 2019/20 FINANCIAL YEAR
    * AFTER 10 MONTHS, REVENUE OF DKK 715-725 MILLION (DKK 708
MILLION
LAST YEAR) AND PROFIT BEFORE TAX OF DKK 28-33 MILLION (DKK 62.9
MILLION LAST YEAR) ARE EXPECTED FOR FULL FINANCIAL YEAR 2019/20
    * IN Q3, WHICH IS NEGATIVELY AFFECTED BY OUTBREAK OF
COVID-19, A
22% DECREASE IN REVENUE AND A LOSS BEFORE TAX OF DKK 2.2 MILLION
HAS BEEN REALISED
    * PRELIMINARY RESULTS SHOW THAT GABRIEL HOLDING A/S HAS
REALISED
REVENUE GROWTH OF 7% TO DKK 556 MILLION (DKK 520 MILLION) AND
PROFIT BEFORE TAX OF DKK 34.5 MILLION (DKK 49.1 MILLION) AFTER
THREE QUARTERS

Source text for Eikon:  ID:nGNEPrR3G 
Further company coverage:  GABR.CO 

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