Brief: Progress-Werk Oberkirch Turns To FY Net Loss At EUR 11.7 Mln

PWO AG

25/02/2021 06:37

Feb 25 (Reuters) - PROGRESS-WERK OBERKIRCH AG  PWOG.DE :
    * SAID ON WEDNESDAY PROGRESS-WERK OBERKIRCH AG REPORTED
PRELIMINARY FIGURES FOR FISCAL YEAR 2020 AND SUCCESSFUL
LIQUIDITY MANAGEMENT WITH HIGH FREE CASH FLOW
    * FY REVENUE 371.2 MILLION EUR VERSUS 458.5 MILLION EUR YEAR
AGO
    * FY EBIT BEFORE CURRENCY EFFECTS EUR -8.1 MILLION (PREVIOUS
YEAR:
EUR 22.1 MILLION)
    * FY EBIT INCLUDING CURRENCY EFFECTS EUR -10.1 MILLION
(PREVIOUS
YEAR: EUR 19.8 MILLION)
    * FY NET LOSS OF EUR 11.7 MILLION (PREVIOUS YEAR: PROFIT EUR
9.1
MILLION)
    * NET DEBT 2020: EUR 102.5 MILLION (PREVIOUS YEAR: EUR 132.5
MILLION)
    * CONTINUES TO ASSESS THE CHALLENGES IN 2021 AS HIGH

Source text for Eikon:  ID:nEQ7RBfHwa 
Further company coverage:  PWOG.DE 

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