Brief: MLP Q1 EBIT Down At EUR 10.7 Million
27/04/2020 16:17
April 27 (Reuters) - MLP SE MLPG.DE :
* FORECAST FOR THE YEAR 2020 UPDATED DUE TO THE EFFECTS OF
CORONAVIRUS
* ANTICIPATING A DECREASE IN EARNINGS BEFORE INTEREST AND
TAX
(EBIT) COMPARED TO PREVIOUS YEAR (2019: EUR 47.1 MILLION) IN A
RANGE FROM EUR 34 TO 42 MILLION
* INCREASED TOTAL REVENUE IN Q1 OF 2020 TO AROUND EUR 193.7
MILLION (Q1 2019: EUR 177.8 MILLION)
* UPDATED FORECAST IS BASED ON ASSUMPTION THAT GENERAL
CONDITIONS
WILL START TO IMPROVE AGAIN FROM Q3 2020 ONWARDS AND THEN
GRADUALLY NORMALISE
* EBIT FOR Q1 AT EUR 10.7 MILLION IS SLIGHTLY BELOW PREVIOUS
YEAR'S LEVEL (EUR 12.5 MILLION)
Source text for Eikon: ID:nEQ8ClP5Qa
Further company coverage: MLPG.DE
(Gdansk Newsroom)
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