Brief: Kapsch Trafficcom Preliminary FY EBIT Loss At EUR 38 Million

Kapsch TrafficCom AG

20/04/2020 14:48

April 20 (Reuters) - KAPSCH TRAFFICCOM AG  KTCG.VI :
    * PRELIMINARY RESULTS OF THE FINANCIAL YEAR
    * PROPOSED DIVIDEND REDUCED
    * PRELIMINARY FINANCIAL RESULTS FOR FINANCIAL YEAR 2019/20
SHOW
REVENUES OF APPROXIMATELY EUR 731 MILLION, HENCE, BELOW GUIDANCE
    * FY OPERATING RESULT ("EBIT") IS EXPECTED TO COME OUT AT
ABOUT
EUR -38 MILLION
    * EXCLUDING ONE-OFF EFFECTS OF ABOUT EUR -39 MILLION,
EXPECTED FY
EBIT WOULD HAVE BEEN SLIGHTLY POSITIVE
    * INTENDS TO PROPOSE A REDUCED DIVIDEND OF PRESUMABLY EUR
0.25 PER
SHARE TO ANNUAL GENERAL MEETING
    * FOR FINANCIAL YEAR 2020/21, MANAGEMENT EXPECTS EBIT TO BE
CLEARLY POSITIVE AGAIN
    * DUE TO CURRENT GLOBAL SITUATION (SARS-COV-2), NO CONCRETE
GUIDANCE CAN BE GIVEN FOR TIME BEING

Source text for Eikon:  ID:nAPA2Ycc2B 
Further company coverage:  KTCG.VI 

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