Brief: Rias Sees 2019/20 EBIT In Range Of DKK 12.0-13.0 Mln

Rias A/S

26/08/2020 13:15

Aug 26 (Reuters) - Rias A/S  RIASb.CO :
    * SINCE SUSPENSION OF EXPECTATIONS FOR FY 2019/20 DATED 26
MARCH
2020, DUE TO COVID-19, DEVELOPMENT OF ACTIVITIES IN COMPANY'S Q3
OF FY 2019/20 HAS BEEN ABOVE PREV YEAR LEVEL
    * REG-INTERIM REPORT - RIAS A/S
    * DOMESTIC DEMAND IN THE INDUSTRY HAS BEEN AFFECTED BY THE
COVID-19 CRISIS, WHICH HAS LED TO A DECREASE IN TURNOVER
    * AS A RESULT OF THE WIDESPREAD LOCK-DOWN ABROAD, THE EXPORT
HAS
ALSO BEEN FALLING SIGNIFICANTLY COMPARED TO LAST YEAR
    * SALES OF THE COMPANY'S BUILDING AND CONSTRUCTION PRODUCTS
HAS
DEVELOPED SIGNIFICANTLY BETTER THAN EXPECTED AND AT A
SIGNIFICANTLY HIGHER LEVEL THAN THE SAME PERIOD IN 2018/19
    * BOARD NOW EXPECTS AN EBIT RESULT FOR THE ACCOUNTING YEAR
2019/20
IN THE RANGE OF DKK 12.0–13.0 MILLION AGAINST AN EBIT RESULT THE
PREVIOUS YEAR OF DKK 9.7 MILLION

Source text for Eikon:  ID:nGNEbv0cwM 
Further company coverage:  RIASb.CO 

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