Brief: Schaltbau Holding 9-month Net Profit Up At EUR 9.5 Million

Schaltbau Holding AG

29/10/2020 06:37

Oct 29 (Reuters) - Schaltbau Holding AG  SLTG.DE :
    * DGAP-NEWS: SCHALTBAU HOLDING AG WITH STABLE BUSINESS
PERFORMANCE
IN THE FIRST 9 MONTHS - REVENUE FORECAST SPECIFIED AT UPPER END
OF RANGE
    * 9MTH GROUP REVENUES INCREASE BY 4.6% TO EUR 370.8 MILLION
(JANUARY - SEPTEMBER 2019 LIKE-FOR-LIKE: EUR 354.6 MILLION)
    * COVID-19-RELATED DECLINE IN ORDER INTAKE TO EURO 399.1
MILLION
(JANUARY - SEPTEMBER 2019 LIKE-FOR-LIKE: EURO 413.4 MILLION)
    * REVENUE FORECAST FOR 2020 OF EUR 500 MILLION AT UPPER END
OF
RANGE (EUR 460 TO 500 MILLION) WITH A GROUP EBIT MARGIN OF
AROUND 4%
    * ORDER BACKLOG ROSE BY 4.3% TO EUR 509.9 MILLION AT END OF
Q3 (31
DECEMBER 2019: EUR 488.9 MILLION).
    * SCHALTBAU GROUP GENERATED A NET PROFIT OF EUR 9.5 MILLION
(JANUARY - SEPTEMBER 2019: EUR 8.1 MILLION; LIKE-FOR-LIKE: EUR
9.8 MILLION) FOR NINE-MONTH PERIOD.

Source text for Eikon:  ID:nEQ5YCf00a 
Further company coverage:  SLTG.DE 

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