Brief: LS Telcom Confident About Achieving Revised Group Targets

LS telcom AG

16/11/2021 07:12

Nov 16 (Reuters) - LS TELCOM AG  LSXG.DE :
    * SAID ON THURSDAY, IT MISSES TARGETS IN INDIVIDUAL
FINANCIAL
STATEMENTS FOR FINANCIAL YEAR 2020/2021, BUT REMAINS CONFIDENT
ABOUT ACHIEVING REVISED GROUP TARGETS
    * DUE TO WRITE-DOWNS ON BOOK VALUE OF AN INDIVIDUAL COMPANY,
HIGH
EXTERNAL EXPENDITURE ON DEVELOPMENT OF NEW PRODUCTS AND A SHARP
INCREASE IN WORK IN PROGRESS AS A RESULT OF DELAYS IN MAJOR
PROJECTS
    * EXECUTIVE BOARD STILL EXPECTS TO HAVE ACHIEVED AT GROUP
LEVEL
TARGETS FOR CONSOLIDATED RESULT OF EUR 400 000 - 1,000,000 AND
FOR REVENUE OF EUR 31 - 33 MLN, AS CORRECTED IN AD HOC
ANNOUNCEMENT OF 20 JULY 2021

 Further company coverage:  LSXG.DE  

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