Brief: Jost WERKE Q1 Adjusted EBIT Down At EUR 14.3 Mln

Jost Werke SE

14/05/2020 07:09

May 14 (Reuters) - JOST WERKE AG  JSTG.DE :
    * PUBLISHES FINANCIAL RESULTS FOR THE FIRST QUARTER OF 2020
    * Q1 2020 SALES AMOUNT TO EUR 191.8 MILLION (Q1 2019: EUR
199.5
MILLION)
    * ADJUSTED EBIT Q1 2020 AT EUR 14.3 MILLION (Q1 2019: EUR
23.9
MILLION)
    * Q1 ADJUSTED EBIT MARGIN DECLINES TO 7.4 % DUE TO NEGATIVE
IMPACT
OF COVID-19 PANDEMIC, PARTICULARLY IN ASIA (Q1 2019: 12.0 %)
    * Q1 OPERATING FREE CASH FLOW IMPROVES SIGNIFICANTLY TO EUR
18.1
MILLION (Q1 2019: EUR -0.7 MILLION)
    * CORONAVIRUS PANDEMIC WEIGHS ON OPERATING PROFIT
    * Q1 CONSOLIDATED GROUP SALES DECLINED ONLY BY 3.8 % TO EUR
191.8
MILLION IN Q1 OF 2020 (Q1 2019: EUR 199.5 MILLION)
    * Q1 SALES EXCLUDING ÅLÖ FELL BY 19.3 % TO EUR 161.0 MILLION
    * THROUGH ACQUISITION OF ÅLÖ, JOST COULD ONCE AGAIN RECORD
GROWTH
IN NORTH AMERICA

Source text for Eikon:  ID:nEQ7ZFB1Za 
Further company coverage:  JSTG.DE 

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