Brief: Mikron Holding Sees Negative Tax Effects To Reduce FY Profit After Taxes

Mikron Holding AG

12/12/2019 06:06

Dec 12 (Reuters) - MIKRON HOLDING AG  MIKN.S :
    * CONTINUES TO EXPECT HIGHER SALES FOR 2019 AS A WHOLE THAN
FOR
2018 AND EBIT AT PREVIOUS YEAR'S LEVEL
    * NEGATIVE TAX EFFECTS, HOWEVER, WILL SIGNIFICANTLY REDUCE
PROFIT
AFTER TAXES IN 2019
    * DOES NOT ANTICIPATE A SHORT-TERM RECOVERY IN AUTOMOTIVE
INDUSTRY
AND IN OPERATING RESULTS OF COMPANIES CONCERNED
    * CAPITALIZED TAX LOSS CARRYFORWARDS MAY ALSO HAVE TO BE
PARTIALLY
WRITTEN DOWN IN 2019 FINANCIAL STATEMENTS
    * TAX EFFECTS WILL SIGNIFICANTLY REDUCE PROFIT AFTER TAXES
COMPARED WITH PREVIOUS YEAR

Source text for Eikon:  ID:nTEN0n4cma 
Further company coverage:  MIKN.S 

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