Brief: Progress-Werk Oberkirch Q1 Net Income At EUR 3.2 Mln

PWO AG

11/05/2020 07:10

May 11 (Reuters) - PROGRESS WERK OBERKIRCH AG  PWOG.DE :
    * REPORTS ON THE FIRST QUARTER OF 2020
    * Q1 GROUP REVENUE AMOUNTED TO EUR 108.6 MILLION (P/Y: EUR
123.4
MILLION)
    * Q1 EBIT INCLUDING CURRENCY EFFECTS TOTALED EUR 5.9 MILLION
(P/Y:
EUR 5.9 MILLION)
    * Q1 TOTAL OUTPUT EQUALED EUR 108.8 MILLION (P/Y: EUR 123.8
MILLION)
    * Q1 EBIT BEFORE CURRENCY EFFECTS AMOUNTED TO EUR 6.6
MILLION
(P/Y: EUR 6.1 MILLION)
    * Q1 NET INCOME FOR PERIOD AMOUNTED TO EUR 3.2 MILLION (P/Y:
EUR
3.2 MILLION)
    * CURRENTLY PREPARING FOR SLOW RAMP-UP OF AUTOMOTIVE
PRODUCTION
DURING MONTH OF MAY THAT WAS ANNOUNCED BY OUR CUSTOMERS
    * CONVINCED THAT WE CAN STEER GROUP SAFELY THROUGH THIS
SEVERE
ECONOMIC CRISIS

Source text for Eikon:  ID:nEQ5Ys8Q4a 
Further company coverage:  PWOG.DE 

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