Brief: Jost Werke Expects Adj. EBIT Margin To Improve In H2 2020

Jost Werke SE

01/09/2020 10:14

Sept 1 (Reuters) - JOST WERKE AG  JSTG.DE :
    * ​​​​​​​JOST EXPECTS THE ADJUSTED EBIT MARGIN TO IMPROVE IN
SECOND HALF OF 2020
    * ADJUSTED EBIT MARGIN FOR FULL FISCAL YEAR 2020 EXPECTED TO
IMPROVE FURTHER COMPARED TO FIRST HALF OF 2020 (H1 2020: 7.0%).
    * DUE TO ACQUISITION OF ÅLÖ, SALES IN 2020 EXPECTED TO BE
ONLY
SLIGHTLY BELOW PREVIOUS YEAR DESPITE STRONG NEGATIVE IMPACT OF
CORONAVIRUS PANDEMIC
    * CONSOLIDATED ADJUSTED EBITDA WILL DEVELOP SLIGHTLY BETTER
THAN
ADJUSTED EBIT IN 2020, THOUGH IT WILL ALSO CONTRACT
SIGNIFICANTLY COMPARED TO PREVIOUS YEAR (ADJUSTED EBITDA 2019:
EUR 100.8 MILLION)
    * CONSOLIDATED ADJUSTED EBITDA WILL DEVELOP SLIGHTLY BETTER
THAN
ADJUSTED EBIT IN 2020
    * FY CONSOLIDATED ADJUSTED EBITDA WILL ALSO CONTRACT
SIGNIFICANTLY
COMPARED TO PREVIOUS YEAR (ADJUSTED EBITDA 2019: EUR 100.8
MILLION)

Source text for Eikon:  ID:nEQ1Ms0Hda 
Further company coverage:  JSTG.DE 

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