Brief: Progress Werk Oberkirch Q3 EBIT Loss Before Currency Effects Of EUR 4.0 Mln

PWO AG

27/10/2020 09:36

Oct 27 (Reuters) - PROGRESS WERK OBERKIRCH AG  PWOG.DE :
    * REPORTS PRELIMINARY FIGURES FOR THE FIRST NINE-MONTHS OF
2020
AND PUBLISHES A NEW FISCAL YEAR FORECAST
    * 9M REVENUE 257.4 MILLION EUR
    * FULL-YEAR FORECAST CONTINUES TO BE AFFECTED BY
CONSIDERABLE
UNCERTAINTY
    * EBIT BEFORE CURRENCY EFFECTS DECREASED TO EUR -4.0 MILLION
(P/Y:
EUR 3.5 MILLION)
    * CURRENTLY, WE EXPECT REVENUE IN 2020 FISCAL YEAR TO REACH
AROUND
EUR 350 MILLION, AND EBIT BEFORE CURRENCY EFFECTS TO BE NEGATIVE
AS A RESULT OF HIGH PROVISIONS
    * 9-MONTH EBIT BEFORE CURRENCY EFFECTS AMOUNTED TO EUR -2.9
MILLION (P/Y: EUR 14.3 MILLION)
    * EXPECT REVENUE IN 2020 FISCAL YEAR TO REACH AROUND EUR 350
MILLION, AND EBIT BEFORE CURRENCY EFFECTS TO BE NEGATIVE AS A
RESULT OF HIGH PROVISIONS

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

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