Brief: Phoenix Mecano FY Adjusted Operating Result Down At EUR 39.5 Mln

Phoenix Mecano AG

16/04/2020 17:12

April 16(Reuters) - PHOENIX MECANO AG  PM.S :
    * CONSOLIDATED GROSS SALES INCREASED BY 4.5% IN 2019, TO EUR
680.0
MILLION
    * FY ADJUSTED OPERATING RESULT FELL BY 20.1% TO EUR 39.5
MILLION
    * FY RESULT OF PERIOD FELL BY 61.5% TO EUR 13.9 MILLION
    * FY RESULT OF PERIOD FELL BY 61.5% TO EUR 13.9 MILLION
    * GROSS SALES IN Q1 2020 WERE EUR 162.5 MILLION (PREVIOUS
YEAR EUR
156.7 MILLION), AN INCREASE OF 3.7%
    * Q1 2020 INCOMING ORDERS ROSE BY 9.2% YEAR-ON-YEAR TO EUR
171.8
MILLION (PREVIOUS YEAR EUR 157.3 MILLION)
    * Q1 2020 OPERATING RESULT FELL BY 42.9% TO EUR 6.0 MILLION,
FROM
EUR 10.6 MILLION IN SAME QUARTER LAST YEAR
    * ANTICIPATES VERY CHALLENGING SECOND AND THIRD QUARTER,
COMBINED
WITH A SIGNIFICANT SLOWDOWN IN BUSINESS ACTIVITY DUE TO COVID-19
PANDEMIC 
    * BOARD OF DIRECTORS WILL PROPOSE TO SHAREHOLDERS' GENERAL
MEETING
ON 20 MAY 2020 THAT DIVIDEND PER SHARE BE REDUCED FROM CHF 17 TO
CHF 10

    
    
 Source text: https://bit.ly/34KL4gm
    
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