Brief: Kapsch Trafficcom Revises Outlook, Suspends Dividend For 2020/2021

Kapsch TrafficCom AG

02/10/2020 11:51

Oct 2 (Reuters) - KAPSCH TRAFFICCOM AG  KTCG.VI :
    * REVISED OUTLOOK, NO DIVIDEND FOR 2020/21.
    * OPERATING RESULT (EBIT) OF FINANCIAL YEAR WILL LIKELY BE
CLEARLY
NEGATIVE
    * NEGATIVE TWO-DIGIT MILLION VALUE IS EXPECTED FOR EBIT 2020
    * FOR ANNUAL REVENUES, PRECISE FORECASTS ARE ALSO STILL
DIFFICULT.
CURRENTLY COMPANY ASSUMES A DECLINE OF 15 TO 20%
    * POSSIBLE IMPAIRMENTS OF NON-CURRENT ASSETS CANNOT BE RULED
OUT
FOR FINANCIAL YEAR 2020/21
    * CATCH-UP EFFECTS IN A RELEVANT SCALE ARE EXPECTED NOT
BEFORE
NEXT FINANCIAL YEAR
    * THERE ARE MORE DELAYS IN TENDER PROCESSES AND AWARD OF
CONTRACTS
    * REVENUES IN PROFITABLE COMPONENTS BUSINESS STRONGLY SUFFER
FROM
DECREASED TRAFFIC VOLUMES

Source text for Eikon:  ID:nAPA6WGclx 
Further company coverage:  KTCG.VI 

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