Singulus Technologies AG logo

SNG - Singulus Technologies AG News Story

€5 -0.0  -0.4%

Last Trade - 13/04/21

Sector
Industrials
Size
Micro Cap
Market Cap £38.7m
Enterprise Value £49.2m
Revenue £33.9m
Position in Universe 855th / 1046

BRIEF-Singulus Technologies FY EBIT Turns To Loss Of EUR 8.2 Million

Tue 24th March, 2020 7:17am
March 24 (Reuters) - SINGULUS TECHNOLOGIES AG  SNGGk.DE :
    * FY SALES IN AMOUNT OF EUR 79.4 MILLION (PREVIOUS YEAR: EUR
127.5
MILLION)
    * COVID-19 PANDEMIC IMPACTS SHORT-TERM COURSE OF BUSINESS
    * FY OPERATING RESULT (EBIT) CAME TO EUR -8.2 MILLION
(PREVIOUS
YEAR: EUR 6.8 MILLION)
    * FY EARNINGS BEFORE DEPRECIATION (EBITDA) OF EUR -4.1
MILLION
WERE ALSO NEGATIVE (PREVIOUS YEAR: EUR 9.1 MILLION)
    * SALES IN BUSINESS YEAR 2020 SHOULD COME IN AT A RANGE FROM
EUR
120 MILLION TO EUR 140 MILLION
    * FOR 2020, ANTICIPATES A SUBSTANTIAL INCREASE IN SALES AND
EARNINGS COMPARED WITH PAST BUSINESS YEAR 2019
    * 2020 OPERATING EARNINGS BEFORE INTEREST AND TAXES (EBIT)
SHOULD
ALSO DEVELOP FAVORABLY AND COME IN AT A MID-SINGLE-DIGIT MILLION
RANGE
    * FOR YEAR 2021 COMPANY FORECASTS A FURTHER INCREASE IN
SALES
BASED ON AVERAGE OF AFOREMENTIONED RANGE
    * MATERIAL DELAY IN ONGOING PROJECTS CAUSED BY COVID-19
PANDEMIC
COULD RESULT IN A SIGNIFICANT NEGATIVE IMPACT ON SALES AND
EARNINGS TARGETS FOR BUSINESS YEAR 2020
    * 2021 OPERATING RESULT (EBIT) SHOULD IMPROVE
CORRESPONDINGLY
    * CURRENTLY IMPOSSIBLE TO CONCLUSIVELY ASSESS IMPLICATIONS
AND
IMPACTS ON BUSINESS ACTIVITIES
    * IMPOSSIBLE FOR COMPANY TO CONCLUSIVELY ASSESS COVID 19
IMPLICATIONS AND IMPACTS ON BUSINESS ACTIVITIES

Source text for Eikon:  ID:nEQ4MDQgya 
Further company coverage:  SNGGk.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.