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SNG - Singulus Technologies AG News Story

€4.98 -0.0  -0.8%

Last Trade - 3:54pm

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

BRIEF-Singulus Technologies Reports Preliminary Results For First Quarter 2020

Wed 29th April, 2020 10:50pm
April 29 (Reuters) - Singulus Technologies AG  SNGGk.DE :
    * DGAP-ADHOC: SINGULUS TECHNOLOGIES REPORTS PRELIMINARY
RESULTS
FOR THE FIRST QUARTER 2020
    * SINGULUS TECHNOLOGIES - ORDER INTAKE IN Q1 2020 CAME TO
AROUND
EUR 63.5 MILLION, ABOVE PREVIOUS YEAR'S LEVEL OF EUR 11.8
MILLION
    * PRELIM Q1 SALES AMOUNTED TO APPROX. EUR 10.9 MILLION,
BELOW
PRIOR-YEAR LEVEL OF EUR 20.8 MILLION
    * PRELIM Q1 EARNINGS BEFORE INTEREST AND TAXES WERE NEGATIVE
AT
EUR -5.8 MILLION (PREVIOUS YEAR: EUR 1.1 MILLION)
    * EXECUTIVE BOARD HAS DECIDED THAT FORMER FORECAST FOR
BUSINESS
YEAR 2020 CAN NO LONGER BE MAINTAINED
    * CURRENTLY NOT ABLE TO PROVIDE AN OUTLOOK, WHICH CORRECTLY
INCLUDES NEGATIVE IMPACT FOR FULL-YEAR 2020
    * QRTR END ORDER BACKLOG OF APPROX. EUR 79.0 MILLION (MARCH
31,
2019: EUR 57.0 MILLION) WAS ALSO ABOVE PRIOR-YEAR LEVEL
    * SINGULUS TECHNOLOGIES - ALREADY EXISTING IMPACTS OF
COVID-19
PANDEMIC ON ALL AREAS OF CO CURRENTLY STILL INTENSIFYING
    * CURRENTLY NOT ABLE TO PROVIDE AN OUTLOOK, WHICH CORRECTLY
INCLUDES NEGATIVE IMPACT FOR FULL-YEAR 2020

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

 ((Reuters.Briefs@thomsonreuters.com;))
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