Brief: Kapsch Trafficcom Swings to Q1 EBIT Loss Of EUR 11 Million

Kapsch TrafficCom AG

12/08/2020 06:20

Aug 12 (Reuters) - Kapsch Trafficcom AG  KTCG.VI :
    * NO DIVIDEND FOR 2019/20.
    * REVENUES DECREASED BY APPROXIMATELY 26% TO EUR 138 MILLION
IN Q1
    * STILL TOO MANY UNCERTAINTIES FOR QUANTITATIVE OUTLOOK ON
FULL
YEAR 2020/21.
    * IN Q1 2020/21, KAPSCH TRAFFICCOM ACHIEVED EARNINGS FOR
PERIOD
ATTRIBUTABLE TO EQUITY HOLDERS OF EUR -10 MILLION (PREVIOUS
YEAR: EUR 2 MILLION).
    * Q1 EBIT WAS AT EUR -11 MILLION (PREVIOUS YEAR: EUR 5
MILLION)
    * FROM TODAY'S POINT OF VIEW, MANAGEMENT EXPECTS
PROFITABILITY FOR
FINANCIAL YEAR 2020/21 TO BE SIGNIFICANTLY BETTER THAN IN
PREVIOUS YEAR.
    * BASED ON PERFORMANCE IN Q1, ACHIEVING A POSITIVE EBIT IS
EXPECTED TO BE MUCH MORE CHALLENGING THAN ORIGINALLY
ANTICIPATED, GIVEN LOW VISIBILITY AND UNCERTAINTIES SURROUNDING
COVID-19.

Source text for Eikon:  ID:nAPA6qlX7t 
Further company coverage:  KTCG.VI 

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