Brief: Koenig & Bauer FY EBIT Down At EUR 56 Mln

Koenig & Bauer AG

19/03/2020 06:44

March 19 (Reuters) - KOENIG & BAUER AG  SKBG.DE :
    * FY EBIT EUR 56 MILLION VERSUS EUR 87.4 MILLION YEAR AGO
    * FY GROUP NET PROFIT €38.4M (PREVIOUS YEAR: €64M)
    * TO PROPOSE TO SUSPEND DIVIDEND PAYMENT FOR FINANCIAL YEAR
2019
DUE TO CORONAVIRUS IMPACT
    * IMPACTS OF THE CORONA CRISIS ON GROUP PERFORMANCE IN 2020
ARE
CURRENTLY COMPLETELY OPEN
    * FY EBT EUR 49.8 MILLION VERSUS EUR 83.9 MILLION YEAR AGO
    * OUTLOOK 2020: PLANNING TO ACHIEVE A LARGELY STABLE GROUP
REVENUE
COMPARED TO THE PREVIOUS YEAR
    * OUTLOOK 2020: PRIOR YEAR'S EBIT LEVEL WITHOUT THE AROUND
€10M IN
SPECIAL EXPENSES FROM THE EFFICIENCY PROGRAMME
    * MANAGING THE POSSIBLE CONSEQUENCES OF THE CORONA CRISIS IS
CURRENTLY A TOP PRIORITY
    * FY REVENUE AT EUR 1,218.5 MILLION (2018:  EUR 1,226
MILLION)

Source text for Eikon:  ID:nNDL8W5Pvp 
Further company coverage:  SKBG.DE 

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