Brief: Pittler Maschinenfabrik: 2019 Group EBIT Loss Of Around EUR 0.8 Mln

Pittler Maschinenfabrik AG

07/04/2020 07:47

April 7 (Reuters) - PITTLER MASCHINENFABRIK  PITG.F :
    * SAID ON MONDAY IT EXPECTS FY LOSS OF AROUND EUR 1.1 MLN
FOR
PITTLER ENTITY
    * IT EXPECTS FY PITTLER GROUP EBIT LOSS OF AROUND EUR
766.000
    * DIFFERENCE BETWEEN THE FORECAST AND ACTUAL EARNINGS AT
PITTLER
ARE DUE IN PARTICULAR TO EXTRAORDINARY TAX BURDENS AND EXPENSES
FROM THE ASSUMPTION OF LOSSES FROM A PROFIT TRANSFER AGREEMENT
WITH A SUBSIDIARY TOTALING AROUND EUR 1.1 MLN
    * NEGATIVE EBIT AT GROUP LEVEL RESULTS FROM LOWER SALES,
VALUE
ADJUSTMENTS ON RECEIVABLES AND INVENTORIES AS WELL AS THE
AMORTIZATION OF GOODWILL TOTALING AROUND EUR 1.5 MILLION

    
    
 Source text for Eikon:  ID:nEQ3VHlMNa 
    
 Further company coverage:  PITG.F 
   


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