Brief: Mobotix H1 EBIT Loss At EUR 3.8 Mln

Mobotix AG

11/05/2022 08:59

May 11 (Reuters) - MOBOTIX AG  MBQGn.DE :
    * H2 IS EXPECTED TO RECOVER AND INCREASE REVENUE COMPARED TO
THE
FIRST HALF, COUPLED WITH LESS IMPACT FROM THE GLOBAL COVID 19
PANDEMIC, PARTICULARLY IN ELECTRONIC COMPONENT SOURCING
    * REVENUE AS AT MARCH 31, 2022 DOWN AT EUR 27.1 MILLION
    * FOR THE YEAR AS A WHOLE, SALES OF €63-65 MILLION AND AN
EBIT OF
AROUND €0.4-1.0 MILLION ARE EXPECTED AFTER SALES OF €62.4
MILLION AND AN EBIT OF €0.2 MILLION IN EXPECTED LAST YEAR
    * EBIT WAS NEGATIVE AT AROUND €3.8 MILLION AS OF MARCH 31,
2022,
BUT IS EXPECTED TO RECOVER IN THE FULL YEAR DUE TO GROWING
PROJECT PIPELINES IN SEVERAL MARKETS
    * FULL-YEAR SALES OF €63-65 MILLION AND EBIT OF AROUND
€0.4-1.0
MILLION ARE THEREFORE EXPECTED, COMPARED WITH SALES OF €62.4
MILLION AND EBIT OF €0.2 MILLION IN THE PREVIOUS YEAR

Source text for Eikon:  ID:nEQ4fbW4La 
Further company coverage:  MBQGn.DE 

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