Brief: Grammer Expects Q1 EBIT To Swing To Loss Of EUR 2 Million

GRAMMER AG

15/04/2020 15:34

April 15 (Reuters) - Grammer AG  GMMG.DE :
    * MAJOR NEGATIVE IMPACT ON REVENUE AND EARNINGS IN THE FIRST
QUARTER OF 2020 AS A RESULT OF THE COVID-19 PANDEMIC
    * DGAP-ADHOC: GRAMMER AG: MAJOR NEGATIVE IMPACT ON REVENUE
AND
EARNINGS IN THE FIRST QUARTER OF 2020 AS A RESULT OF THE
COVID-19 PANDEMIC
    * EXPECTS GROUP REVENUE IN Q1 TO AMOUNT TO 455 MILLION EUR
(PRIOR
YEAR: 534 MILLION EUR).
    * OPERATING EBIT) ARE EXPECTED TO AMOUNT TO APPROXIMATELY
0.5
MILLION EUR (PRIOR YEAR: 23 MILLION EUR) IN Q1
    * Q1 EBIT WILL LIKELY COME IN AROUND -2 MILLION EUR (PRIOR
YEAR:
24 MILLION EUR) DUE TO NEGATIVE EXCHANGE RATE EFFECTS.

Source text for Eikon:  ID:nEQ7gHG7Ha 
Further company coverage:  GMMG.DE 

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