Brief: Kapsch TrafficCom: Impairments To Weigh On Earnings

Kapsch TrafficCom AG

23/10/2020 14:27

Oct 23 (Reuters) - KAPSCH TRAFFICCOM AG  KTCG.VI :
    * IMPAIRMENTS AND ADJUSTMENTS OF PROJECT MARGINS WEIGH ON
EARNINGS
    * MAIN RESULT IS A EUR 21 MILLION IMPAIRMENT OF GOODWILL
    * PROJECT MARGIN HAD TO BE ADJUSTED AND PROVISIONS FOR
IMPENDING
LOSSES HAD TO BE MADE IN FIRST HALF OF FINANCIAL YEAR
    * THIS HAD A NEGATIVE IMPACT ON OPERATING RESULT (EBIT) IN
AMOUNT
OF EUR 32 MILLION
    * NEGATIVE CURRENCY EFFECTS REDUCED EBIT BY EUR 6 MILLION
    * REVENUES WILL AMOUNT TO ABOUT EUR 258 MILLION AND EBIT TO
ABOUT
EUR -58 MILLION IN FIRST HALF OF 2020/21 FINANCIAL YEAR
    * EXPECTS A NEGATIVE EBIT IN HIGHER TWO- DIGIT AREA AS WELL
AS A
YEAR-ON-YEAR FALL OF REVENUES OF ABOUT 25% FOR FINANCIAL YEAR
2020/21

Source text for Eikon:  ID:nAPAbBVmj 
Further company coverage:  KTCG.VI 

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