Brief: Hawesko Holding AG Adjusts Forecast For 2018

Hawesko Holding SE

20/10/2018 01:15

Oct 19 (Reuters) - Hawesko Holding AG  HAWG.DE :
    * DGAP-ADHOC: HAWESKO HOLDING AG ADJUSTS FORECAST FOR 2018
    * EXPECTS AN INCREASE OF APPROXIMATELY 2.5% OVER PREVIOUS
YEAR'S
FY SALES OF EUR 507 MILLION FOR FY 2018
    * EXPECTS FY 2018 OPERATING RESULT (EBIT) BETWEEN EUR 28
MILLION -
EUR 30 MILLION
    * HAWESKO HOLDING -BASED ON PRELIMINARY FIGURES, HAWESKO
GROUP
ACHIEVED SALES OF EUR 108.4 MILLION FOR QUARTER UNDER REVIEW
(PREVIOUS YEAR: EUR 110.7 MILLION)
    * SAYS THE QUARTERLY EBIT WILL NOT REACH PREVIOUS YEAR'S
LEVEL OF
EUR 4.1 MILLION, BUT WILL BE POSITIVE
    * BOARD HAS BECOME AWARE THAT A PROVISION OF EUR 1 MILLION
WILL
NEED TO BE MADE FOR AN IMPENDING CHARGE
    * IMPENDING CHARGE IN CONNECTION WITH CASE OF FRAUD AT
SUBSIDIARY
GEBRUEDER JOSEF UND MATTHAEUS ZIEGLER GMBH, FREUDENBERG

Source text for Eikon:  ID:nEQc1tWnLa 
Further company coverage:  HAWG.DE 

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