Brief: Schaltbau Confirms 2020 Forecast Under Influence Of COVID-19 Pandemic

Schaltbau Holding AG

29/04/2020 06:37

April 29 (Reuters) - Schaltbau Holding AG  SLTG.DE :
    * DGAP-NEWS: SCHALTBAU HOLDING AG REPORTS STABLE FIRST-QUARTER SALES AND EARNINGS BURDEN
FROM
COVID 19 PANDEMIC
    * Q1 SALES FELL 0.4 PERCENT TO 119.6 MILLION EUR
    * Q1 GROUP REVENUE OF EUR 119.6 MILLION AT PREVIOUS YEAR'S LEVEL (PREVIOUS YEAR: EUR 120.0
MILLION
LIKE-FOR-LIKE)
    * Q1 EBIT MARGIN FALLS TO 3.2 PERCENT (PREVIOUS YEAR: 6.9 PERCENT LIKE-FOR-LIKE) DUE TO
COVID 19
BURDEN
    * SCHALTBAU - FORECAST FOR 2020 UNDER INFLUENCE OF COVID-19 PANDEMIC CONFIRMED
    * OUTLOOK 2020: GROUP REVENUE BETWEEN EUR 460 AND EUR 500 MILLION, GROUP EBIT MARGIN AROUND
4%
    * Q1 ORDER INTAKE FELL BY EUR 9.3 MILLION TO EUR 143.2 MILLION (PREVIOUS YEAR LIKE-FOR-LIKE:
EUR
152.5 MILLION)

Source text for Eikon:  ID:nEQ36z8fJa 
Further company coverage:  SLTG.DE 

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