Brief: Ringmetall FY Consolidated Revenues Up At EUR 120.8 Mln

Ringmetall SE

05/03/2020 06:08

March 5 (Reuters) - RINGMETALL AG  HP3G.DE :
    * RINGMETALL ACHIEVES ANNUAL TARGETS WITH STRONG YEAR-END
BUSINESS
    * FY CONSOLIDATED REVENUES ROSE BY 9.3 PERCENT TO EUR 120.8
MILLION (2018: EUR 110.6 MILLION)
    * FY EBITDA WERE 5.0 PERCENT BELOW PREVIOUS YEAR AT EUR 9.9
MILLION
    * EXPECTS CONSOLIDATED REVENUES OF EUR 125 TO 135 MILLION
AND
(EBITDA) OF EUR 11 TO 13 MILLION FOR 2020 FINANCIAL YEAR
    * TAKES DUE NOTE OF SPREAD OF COVID-19 VIRUS ("CORONA
VIRUS"),
ALTHOUGH THERE ARE CURRENTLY NO DIRECT EFFECTS ON COMPANY'S
BUSINESS DEVELOPMENT
    * IN EVENT OF A BROADER ECONOMIC DOWNTURN DUE TO VIRUS,
MANAGEMENT
BOARD ALSO ANTICIPATES NEGATIVE EFFECTS ON OPERATIONAL
DEVELOPMENT OF RINGMETALL GROUP
    * SUCH SCENARIOS ARE NOT INCLUDED IN OUTLOOK FOR BUSINESS
DEVELOPMENT 2020 PUBLISHED TODAY

Source text for Eikon:  ID:nEQbfw7HRa 
Further company coverage:  HP3G.DE 

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