Brief: Dr. Hoenle Cuts 2018/19 Forecast

Hoenle AG

01/08/2019 06:11

Aug 1 (Reuters) - Dr. Hönle AG  HNLG.DE :
    * SAID ON WEDNESDAY ADJUSTS FORECAST 
    * ASSUMES THAT THE HÖNLE GROUP WILL ACHIEVE SALES OF EUR 105
TO
110 MILLION AND AN OPERATING RESULT OF EUR 17 TO 19 MILLION IN
THE 2018/2019 FINANCIAL YEAR
    * PREVIOUSLY, THE MANAGEMENT BOARD HAD ASSUMED TO ACHIEVE
THE
LOWER END OF EUR 115 TO EUR 130 MILLION IN REVENUE AND EUR 22 TO
30 MILLION IN OPERATING PROFIT RESPECTIVELY
    * NEVERTHELESS, THE MANAGEMENT BOARD EXPECTS A STRONG
BUSINESS
DEVELOPMENT FOR THE COMING YEARS
    * SALES AND EARNINGS IN THE EQUIPMENT & SYSTEMS SEGMENT WILL
BE
LOWER IN THE FINANCIAL YEAR 2018/2019, COMPARED WITH THE
PREVIOUS YEAR. THIS IS DUE TO LOWER INCOMING ORDERS FROM THE
PRINTING INDUSTRY IN PARTICULAR 

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nPexVcyYqa
    
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