Brief: Kardex Expects Decline In Bookings And Earnings

Kardex Holding AG

08/07/2020 06:04

July 8 (Reuters) - KARDEX HOLDING AG  KARN.S :
    * EXPECTS DECLINE IN BOOKINGS AND EARNINGS
    * EXPECTS A TEMPORARY SLOWDOWN IN POSITIVE DEVELOPMENT OF
REVENUES
IN SECOND HALF OF YEAR AND A RELATED DECLINE IN PROFITABILITY
    * IN FIRST HALF OF 2020 BOOKINGS OF KARDEX ARE ALMOST 15%
LOWER
THAN IN SAME PERIOD LAST YEAR
    * FIRST SIX MONTHS OF YEAR UNDER REVIEW ARE EXPECTED TO SHOW
A
DECLINE IN REVENUES OF AROUND 10% COMPARED TO PREVIOUS YEAR
    * ASSUMES THAT BOOKINGS SITUATION WILL GRADUALLY RECOVER IN
COMING
MONTHS UNTIL END OF YEAR
    * H1 EBIT MARGIN OF KARDEX IS EXPECTED TO BE AROUND 2% BELOW
SAME
PERIOD LAST YEAR

Source text for Eikon:  ID:nEQ8h3jmYa 
Further company coverage:  KARN.S 

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