Brief: Progress-Werk Oberkirch FY EBIT Before Currency Effects Up At EUR 22.2 Mln

PWO AG

25/02/2020 07:04

Feb 25 (Reuters) - PROGRESS WERK OBERKIRCH AG  PWOG.DE :
    * PWO ANNOUNCES PRELIMINARY FIGURES FOR 2019 AND 2020
FORECAST
    * IN 2019, GROUP REVENUES DECLINED TO EUR 458.6 MILLION
(P/Y: EUR
476.3 MILLION, ADJUSTED)
    * 2019 EBIT BEFORE CURRENCY EFFECTS AMOUNTED TO EUR 22.2
MILLION
(P/Y: EUR 19.6 MILLION)
    * FOR 2020, WE EXPECT SECTOR TO REMAIN WEAK
    * FY NET INCOME FOR PERIOD WAS EUR 9.1 MILLION (P/Y: EUR 6.6
MILLION, ADJUSTED)
    * FOR 2020 SEES TO GENERATE REVENUE OF APPROXIMATELY EUR 450
MILLION
    * EXPECT EBIT BEFORE CURRENCY EFFECTS TO RANGE FROM EUR 19
TO 20
MILLION IN 2020

Source text for Eikon:  ID:nEQ9TPC7ya 
Further company coverage:  PWOG.DE 

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