Brief: Gesco H1 Sales Down To EUR 237.6 Million

Gesco SE

31/08/2020 06:17

Aug 31 (Reuters) - GESCO AG  GSC1n.DE :
    * OUTLOOK ADJUSTED FOR FULL YEAR
    * H1 INCOMING ORDERS REACHED EUR 239.7 MILLION FOLLOWING EUR
287.3
MILLION IN SAME PERIOD OF PREVIOUS YEAR
    * H1 SALES WERE DOWN IN TOTAL FROM EUR 295.1 MILLION TO EUR
237.6
MILLION.
    * H1 (EBITDA) DECREASED MORE SHARPLY THAN SALES AND CAME TO
EUR
12.9 MILLION (PREVIOUS YEAR'S PERIOD: EUR 28.8 MILLION)
    * NOW EXPECTS GROUP SALES FOR 2020 AS A WHOLE TO EXCEED EUR
450
MILLION AND GROUP NET INCOME AFTER MINORITY INTEREST BEFORE
IMPAIRMENT LOSSES TO AT LEAST BREAK EVEN
    * GROUP NET RESULT AFTER MINORITY INTEREST WILL BE AT OR
ABOVE EUR
-13.5 MILLION FOR 2020

Source text for Eikon:  ID:nEQ5pMxdwa 
Further company coverage:  GSC1n.DE 

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