Brief: Dr Hoenle FY EBIT Down At EUR 17.0 Mln

Hoenle AG

04/12/2019 14:19

Dec 4 (Reuters) - DR HOENLE AG  HNLG.DE :
    * OPERATING RESULT (EBIT) DECREASED FROM TEUR30,687 TO
TEUR17,003,
WHICH CORRESPONDS TO AN EBIT MARGIN OF 15.5% (PY: 23.9%)
    * MAIN REASON FOR DECLINE IN EARNINGS WERE A SIGNIFICANTLY
LOWER
SALES OF ADHESIVES IN AREA OF SENSORS
    * SALES AND EARNINGS IN EQUIPMENT & SYSTEMS SEGMENT ALSO
FELL
SHORT OF PREVIOUS YEAR DUE TO ECONOMIC DOWNTURN
    * PRE-TAX RESULT (EBT) FELL FROM TEUR30,397 TO TEUR16,869
    * CONSOLIDATED NET INCOME AMOUNTED TO TEUR12,396 (PY:
TEUR21,726)
WHICH CORRESPONDS TO EARNINGS PER SHARE OF EUR2.26 (PY: EUR3.94)
    * SALES CAPACITIES IN ADHESIVES SEGMENT WILL BE INCREASED BY
ABOUT
35% IN 2019/2020 FINANCIAL YEAR
    * HÖNLE GROUP IS INVESTING IN EXPANDING ITS RESEARCH AND
DEVELOPMENT CAPACITIES
    * EXPECTED THAT CURRENTLY WEAKER QUARTZ GLASS MARKET WILL
RECOVER
IN FIRST HALF OF 2020.

Source text for Eikon:  ID:nPexrYd2ga 
Further company coverage:  HNLG.DE 

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