Brief: Kapsch Trafficcom 9-Month Net Loss Widens To EUR 10 Million

Kapsch TrafficCom AG

16/02/2021 06:18

Feb 16 (Reuters) - KAPSCH TRAFFICCOM AG  KTCG.VI :
    * REVENUES TOTALED EUR 384 MILLION IN FIRST THREE QUARTERS
OF
2020/21, WHICH REPRESENTS A DECLINE OF 30% OR EUR 161 MILLION
    * OPERATING RESULT (EBIT) WENT FROM EUR 8 MILLION IN
PREVIOUS YEAR
TO EUR -89 MILLION IN CURRENT REPORTING PERIOD
    * FINANCIAL RESULT IN FIRST THREE QUARTERS OF 2020/21
AMOUNTED TO
EUR -10 MILLION (PREVIOUS YEAR: EUR -5 MILLION)
    * BREXIT HAD NO SIGNIFICANT IMPACT ON KAPSCH TRAFFICCOM'S
RESULTS
    * IT IS QUITE POSSIBLE THAT, WITH REVENUES OF SOMEWHAT MORE
THAN
EUR 500 MILLION, NEGATIVE EBIT IN 2020/21 FINANCIAL YEAR COULD
EXCEED EUR 100 MILLION THRESHOLD

Source text for Eikon:  ID:nAPA6yBpcm 
Further company coverage:  KTCG.VI 

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