Brief: PharmaSGP Cuts FY Forecast

PharmaSGP Holding SE

27/11/2020 16:45

Nov 27 (Reuters) - PHARMASGP HOLDING SE  PSGG.DE :
    * ADJUSTMENT OF FULL-YEAR FORECAST 2020 DUE TO EXPECTED
WEAKER
FOURTH QUARTER FOLLOWING COVID-19-RELATED RESTRICTIONS
    * BUSINESS DEVELOPMENT IN FULL YEAR 2020 WILL BE WEAKER THAN
EXPECTED AND THAT PREVIOUS FORECAST FOR FULL YEAR 2020 THEREFORE
CANNOT BE MAINTAINED
    * NOW ANTICIPATES REVENUE GROWTH AND AN ADJUSTED EBIT MARGIN
BELOW
PREVIOUS FORECAST
    * NOT YET POSSIBLE TO MAKE A RELIABLE ESTIMATE OF REVENUE
AND
EARNINGS DEVELOPMENT FOR Q4 AND THUS ALSO FOR CONCRETE BUSINESS
DEVELOPMENT FOR FULL YEAR 2020

Source text for Eikon:  ID:nEQ8SXmFga 
Further company coverage:  PSGG.DE 

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