Brief: Phoenix Mecano FY EBIT Down 4% At EUR 22 Mln

Phoenix Mecano AG

18/02/2021 06:08

Feb 18 (Reuters) - PHOENIX MECANO AG  PM.S :
    * FY EBIT FELL 4 PERCENT TO 22 MILLION EUR
    * FY SALES 682.1 MILLION EUR VERSUS 674 MILLION EUR YEAR AGO
    * FY CONSOLIDATED GROSS SALES INCREASED FROM EUR 680.0
MILLION TO
EUR 687.4 MILLION (UP 1.1%)
    * FY ORGANIC, LOCAL-CURRENCY GROSS SALES ROSE BY 0.6%. NET
SALES
GREW FROM EUR 674.0 MILLION TO EUR 682.1 MILLION (UP 1.2%)
    * FY INCOMING ORDERS CLIMBED FROM EUR 691.6 MILLION TO EUR
766.0
MILLION (UP 10.8%)
    * FY UNAUDITED OPERATING CASH FLOW (EBITDA) FELL SLIGHTLY TO
AROUND EUR 48 MILLION, COMPARED WITH EUR 48.8 MILLION PREVIOUS
YEAR
    * FY PROVISIONAL OPERATING RESULT (EBIT) WAS DOWN BY 4% FROM
EUR
23.4 MILLION TO AROUND EUR 22 MILLION
    * CAUTIOUSLY OPTIMISTIC FOR 2021
    * ANTICIPATES AN INCREASE IN SALES IN 2021 COMPARED WITH
PREVIOUS
YEAR AS WELL AS A DISPROPORTIONATE IMPROVEMENT IN PROFITABILITY,
WITH AN OPERATING RESULT OF AROUND EUR 40 MILLION

Source text for Eikon:  ID:nEQbsWlHWa 
Further company coverage:  PM.S 

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