Brief: Landis+Gyr FY Net Income At USD 113.7 Mln

Landis+Gyr AG

06/05/2020 06:14

May 6 (Reuters) - LANDIS+GYR GROUP AG  LANDI.S :
    * FY NET INCOME WAS USD 113.7 MILLION OR USD 3.90 PER SHARE,
A
DECREASE OF 7.0% AND 6.0% RESPECTIVELY YEAR-OVER-YEAR
    * HAS DECIDED TO POSTPONE DECISION ON PROPOSED FY 2019
DIVIDEND
FOR NOW
    * AND INTENDS TO REVISIT SITUATION IN CONJUNCTION WITH
RELEASE OF
RESULTS OF FIRST HALF YEAR ENDING SEPTEMBER 2020," LIEBERHERR
CONCLUDED.
    * IN FY 2019, NET REVENUE FELL 2.0% YEAR-OVER-YEAR IN
CONSTANT
CURRENCY TO USD 1,699.0 MILLION.
    * IS UNABLE TO ESTIMATE FY 2020 NET REVENUE IMPACT FROM
COVID-19
CRISIS, BUT IT COULD HAVE A MATERIAL EFFECT.
    * WILL NOT BE PROVIDING GUIDANCE FOR FINANCIAL YEAR 2020 AT
THIS
TIME.

Source text - https://bit.ly/2ynyB6z
Further company coverage:  LANDI.S 

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