Brief: Landis&Gyr Sees 2019 Adjusted EBITDA At Around Or Somewhat Below Lower End Of Guidance Ranges

Landis+Gyr AG

27/03/2020 17:15

March 27 (Reuters) - Landis+Gyr Group AG  LANDI.S :
    * HAS STARTED TO EXPERIENCE SOME IMPACTS RELATED TO COVID-19
AND
SOME FURTHER WEAKNESS IN DEMAND IN NORTH AMERICA
    * NOW EXPECTS NET REVENUE FOR FINANCIAL YEAR 2019 TO SHOW A
SLIGHT
DECLINE OF AROUND 2% IN CONSTANT CURRENCY COMPARED TO FINANCIAL
YEAR 2018
    * EXPECTS ADJUSTED EBITDA AND FREE CASH FLOW (EXCLUDING.
M&A)
FOR FINANCIAL YEAR 2019 TO BE AROUND OR SOMEWHAT BELOW LOWER END
OF GUIDANCE RANGES
    * FREE CASH FLOW (EXCLUDING M&A) IS SUBJECT TO USUAL
UNCERTAINTIES ON TIMING OF RECEIPTS FROM CUSTOMERS, WHICH IS
EXACERBATED BY COVID-19 UNCERTAINTIES
    * AT THE MOMENT, COMPANY IS UNABLE TO ESTIMATE NET REVENUE
IMPACT,
BUT IT COULD HAVE A MATERIAL EFFECT ON NET REVENUE IN FY 2020.

Source text for Eikon:  ID:nTEN13uh1a 
Further company coverage:  LANDI.S 

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