Brief: IFA Systems FY EBIT At EUR 1.2 Mln

ifa systems AG

28/04/2020 07:04

April 28 (Reuters) - IFA SYSTEMS AG  IS8G.DE :
    * CONFIRMS THE VERY GOOD YEAR 2019
    * FY REVENUES AT EUR 9.7 MILLION AND EBITDA AT EUR 3.9
MILLION DUE
TO SPECIAL EFFECTS AT UPPER END OF RAISED 2019 BUDGET
    * SALES DECLINE EXPECTED FOR 2020 DUE TO CORONA, HIGH
RECURRING
REVENUES PROVIDE STABILITY
    * FY EBIT REACHED EUR 1.2 MILLION (PREVIOUS YEAR: EUR 0.1
MILLION)
    * FY OPERATING CASH FLOW ALSO DEVELOPED POSITIVELY AND
AMOUNTED TO
EUR 3.4 MILLION. FINANCIAL LIABILITIES WERE HALVED TO EUR 3.0
MILLION.
    * REMAINS OPTIMISTIC ABOUT MEDIUM AND LONG-TERM PROSPECTS

Source text for Eikon:  ID:nEQbFw5sSa 
Further company coverage:  IS8G.DE 

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