Brief: Schweizer Electronic Q1 EBITDA Loss Widens To EUR 1.6 Million

Schweizer Electronic AG

08/05/2020 07:05

May 8 (Reuters) - Schweizer Electronic AG  SWEGn.DE :
    * BUSINESS PERFORMANCE IN THE FIRST QUARTER OF 2020
    * REVENUE OF EUR 27.4 MILLION IN Q1
    * ORDER BACKLOG TOTALLED EUR 121.0 MILLION AT END OF Q1 OF
2020
    * Q1 EBITDA) AMOUNTED TO EUR -1.6 MILLION (Q1 2019: EUR -0.1
MILLION)
    * Q1 QUARTERLY RESULT WAS BURDENED WITH COSTS TOTALLING EUR
-1.1
MILLION FOR SPECIAL EXPENSES ARISING FROM RESTRUCTURING AND A
LOSS OF RECEIVABLES.
    * IS MAINTAINING FORECAST PUBLISHED ON 21 APRIL 2020
    * ANNUAL TURNOVER FORECAST IN RATHER OPTIMISTIC SCENARIO AT
BETWEEN MINUS 10 AND 15 PERCENT COMPARED TO 2019, WITH A MORE
PESSIMISTIC SCENARIO AT BETWEEN MINUS 20 AND 25 PERCENT.
    * THERE ARE STILL GREAT UNCERTAINTIES AS TO WHETHER, AS WELL
AS
HOW MUCH, TURNOVER RECOVERY WILL TAKE PLACE IN SECOND HALF OF
YEAR.

Source text for Eikon:  ID:nEQcg6m5Ma 
Further company coverage:  SWEGn.DE 

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