Brief: Kapsch Trafficcom Sees Q1 EBIT Loss At About EUR 11 Million

Kapsch TrafficCom AG

24/07/2020 15:15

July 24 (Reuters) - KAPSCH TRAFFICCOM AG  KTCG.VI :
    * KAPSCH TRAFFICCOM / DECREASE IN REVENUES AND NEGATIVE EBIT
IN Q1
    * EXPECTS Q1 2020/21 REVENUES OF ABOUT EUR 138 MILLION
(PREVIOUS
YEAR: EUR 186 MILLION)
    * SEES Q1 OPERATING RESULT (EBIT) OF ABOUT EUR -11 MILLION
(PREVIOUS YEAR: EUR 5 MILLION).
    * CONFIRMS IT EXPECTS THAT CHALLENGES (AND RESPECTIVE COSTS)
REGARDING PERSONNEL SHORTAGE IN NORTH AMERICA WILL PRESUMABLY
LAST UNTIL END OF 2020
    * DECIDED TO REFRAIN FROM INITIAL DIVIDEND PROPOSAL (EUR
0.25 PER
SHARE) AND TO PROPOSE NO DIVIDEND TO ORDINARY ANNUAL GENERAL
MEETING ON SEPTEMBER 9, 2020

Source text for Eikon:  ID:nAPAcgX87q 
Further company coverage:  KTCG.VI 

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