Brief: IFA Systems FY Consolidated Net Income At EUR 740 Thousand

ifa systems AG

16/04/2019 07:01

April 16 (Reuters) - IFA SYSTEMS AG  IS8G.DE :
    * FY REVENUE IN IFA GROUP AMOUNTED TO EUR 6.6 MILLION
(PREVIOUS
YEAR: EUR 8.6 MILLION)
    * FY OPERATING RESULT (EBIT) WITH EUR 106 THOUSAND ALSO
RETURNED
TO BE POSITIVE (PREVIOUS YEAR: EUR -7.8 MILLION)
    * OUTLOOK 2019 REVENUE GROWTH AND SIGNIFICANT IMPROVEMENT IN
RESULTS
    * MANAGEMENT BOARD ONCE AGAIN SUGGESTS DISTRIBUTING NO
DIVIDENDS
FOR YEAR 2018
    * CONFIDENT THAT POSITIVE DEVELOPMENT WILL ALSO CONTINUE IN
FINANCIAL YEAR 2019
    * OUTLOOK 2019: EXPECTS A SLIGHT GROWTH IN REVENUE TO EUR
6.8
MILLION AND UP TO EUR 7.2 MILLION
    * FY CONSOLIDATED NET INCOME OF EUR 740 THOUSAND (PREVIOUS
YEAR:
EUR -9.3 MILLION)
    * OPERATING RESULT (EBIT) SHALL SIGNIFICANTLY IMPROVE
FURTHER IN
FINANCIAL YEAR 2019
    * POSITIVE OPERATING CASH FLOW SHALL AGAIN BE GENERATED IN
2019
    * IN Q1 OF 2019, A PART OF LOAN AT MIZUHO BANK HAS ALREADY
BEEN
RETURNED
    * AT THIS YEAR'S AGM, BESIDES COMMON PROPOSED RESOLUTIONS,
POSSIBILITY OF REPURCHASING SHARES SHALL BE PUT TO VOTE

Source text for Eikon:  ID:nEQ12d1nka 
Further company coverage:  IS8G.DE 

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