Brief: INIT Innovation In Traffic Systems Adjusts 2020 Incoming Orders Expectation

Init Innovation In Traffic Systems SE

30/12/2020 16:21

Dec 30 (Reuters) - init innovation in traffic systems SE
 IXXG.DE :
    * INIT INNOVATION IN TRAFFIC SYSTEMS SE: ADJUSTMENT OF
INCOMING
ORDERS EXPECTATION FOR FISCAL YEAR 2020
    * NO LONGER CONSIDERS 2020 TARGET FOR INCOMING ORDERS OF EUR
180M
TO 190M TO BE ACHIEVABLE.
    * INCOMING ORDERS ARE NOW ANTICIPATED TO RANGE BETWEEN EUR
150M TO
155M BY 31 DECEMBER 2020.
    * POSTPONED PROJECTS ARE EXPECTED AS INCOMING ORDERS IN
Q1/2021.
    * REVENUES AND EARNINGS FORECASTS FOR 2020 ARE NOT AFFECTED
BY
THESE DELAYS.
    * REVENUES ARE EXPECTED TO AMOUNT TO AROUND EUR 180M AND
EARNINGS
BEFORE INTEREST AND TAXES (EBIT) TO EUR 18M TO 20M AS PLANNED.

Source text for Eikon:  ID:nEQ2mTDlna 
Further company coverage:  IXXG.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))