Brief: Dr Hoenle AG Cuts 2018/19 Forecast For Sales And Oper Result

Hoenle AG

09/08/2019 07:35

Aug 9 (Reuters) - Dr Hoenle AG  HNLG.DE :
    * SALES REVENUES CAME TO TEUR 81,240 IN NINE-MONTH PERIOD, WHICH IS 8.5% BELOW PREVIOUS
YEAR'S
FIGURE
    * 9-MONTH OPERATING RESULT (EBIT) DECREASED FROM TEUR 19,865 TO TEUR 13,256
    * EXPECTS HÖNLE GROUP TO ACHIEVE SALES REVENUES RANGING FROM EUR 105 MILLION TO EUR 110
MILLION IN
2018/2019
    * 9M: AFTER INCOME TAXES, CONSOLIDATED NET INCOME CAME TO TEUR 9,236 (PY: TEUR 14,208)
    * EXPECTS HÖNLE GROUP TO ACHIEVE OPERATING RESULT OF BETWEEN 17 MILLION TO EUR 19 MILLION
FOR FY
    * SALES CAPACITIES IN ADHESIVES SEGMENT WILL BE INCREASED BY 35% IN 2019/2020 FINANCIAL YEAR
    * SALES AND EARNINGS IN EQUIPMENT & SYSTEMS SEGMENT IN 2018/2019 FINANCIAL YEAR WILL BE
LOWER THAN
IN PREVIOUS YEAR
    * PREDICTS POSITIVE SALES AND EARNINGS DEVELOPMENT IN GLASS & LAMPS SEGMENT

Source text for Eikon:  ID:nPexXVFtHa 
Further company coverage:  HNLG.DE 

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