Brief: Phoenix Mecano Q1 Operating Result Up At EUR 10.5 Million

Phoenix Mecano AG

21/04/2021 06:33

April 21 (Reuters) - PHOENIX MECANO AG  PM.S :
    * Q1 GROUP'S CONSOLIDATED GROSS SALES INCREASED BY 18%, FROM
EUR
162.5 MILLION TO EUR 191.8 MILLION 
    * Q1 OPERATING RESULT UP 73.9% AT EUR 10.5 MILLION 
    * PHOENIX MECANO FINANCIAL YEAR 2020: SALES AND CASH FLOW
MAINTAINED - DOUBLE-DIGIT SALES GROWTH IN MECHANICAL COMPONENTS
- RESULT IMPACTED BY ONE-OFF ITEMS - UPTURN IN INCOMING ORDERS
AT END OF YEAR
    * Q1 DOUBLE-DIGIT GROWTH IN SALES AND INCOMING ORDERS
    * CONFIRMS ITS FORECAST FOR 2021

Source text for Eikon:  ID:nEQ7W8Wv2a 
Further company coverage:  PM.S 

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