Brief: R Stahl Q3 Sales Down At EUR 59.6 Mln

R. Stahl AG

12/11/2020 06:07

Nov 12 (Reuters) - R STAHL AG  RSL2.DE :
    * R. STAHL'S BUSINESS PERFORMANCE IN Q3 2020 IMPACTED BY
WEAK
GLOBAL ECONOMY - YET SPECIFIED EARNINGS GUIDANCE SLIGHTLY ABOVE
MARKET EXPECTATIONS
    * Q3 SALES FELL 16.4 PERCENT TO 59.6 MILLION EUR
    * SALES IN Q3 2020 OF EUR 59.6 MILLION DOWN 16.4% COMPARED
TO
STRONG PRIOR YEAR (Q3 2019: EUR 71.3 MILLION)
    * ORDER BACKLOG OF EUR 74.2 MILLION AT END OF QUARTER
CONTINUES TO
BE SOLID AND ABOVE PRIOR YEAR'S QUARTERLY LEVELS
    * GUIDANCE CORRIDOR FOR 2020 FURTHER SPECIFIED: SALES TO
REACH
BETWEEN EUR 242 MILLION AND EUR 248 MILLION DUE TO PERSISTING
MARKET WEAKNESS
    * OUTLOOK 2020: EBITDA PRE TO COME IN BETWEEN EUR 15 MILLION
AND
EUR 18 MILLION SLIGHTLY ABOVE MARKET EXPECTATIONS
    * Q3 NET PROFIT EUR -0.6 MILLION VERSUS EUR 3.3 MILLION YEAR
AGO

Source text for Eikon:  ID:nEQ2dvl11a 
Further company coverage:  RSL2.DE 

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