Brief: Veganz Group Cuts FY EBITDA Forecast

Planethic AG

24/02/2022 14:05

Feb 24 (Reuters) - VEGANZ GROUP AG  VEZ.DE :
    * POSTPONED PAYMENT OF SUBSIDIES FOR NEW PRODUCTION FACILITY
LEADS
TO DEFERRAL OF EARNINGS AT VEGANZ GROUP AG
    * INSTEAD OF MOST RECENTLY TARGETED EBITDA OF MINUS EUR 5.5
MILLION, COMPANY NOW EXPECTS AN EBITDA OF MINUS EUR 9.8 MILLION
FOR FISCAL YEAR 2021 ACCORDING TO PRELIMINARY CALCULATIONS
(2020: MINUS EUR 3.2 MILLION)
    * NOW EXPECTS NET LOSS FOR 2021 AT A PRELIMINARY EUR 12.9
MILLION
INSTEAD OF A MOST RECENTLY EXPECTED NET LOSS OF EUR 8.0 MILLION
(2020: NET LOSS OF EUR 4.9 MILLION)

Source text for Eikon:  ID:nEQcbXnsCa 
Further company coverage:  VEZ.DE 

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