Brief: Softing Suspends Forecast For 2020

Softing AG

19/06/2020 12:02

June 19 (Reuters) - SOFTING AG  SYTG.DE :
    * SUSPENDS FORECAST FOR 2020
    * FINANCIAL FORECAST AS GIVEN IN Q1-2020 REPORT CONCERNING
EBIT,
OPERATIONAL EBIT AND SALES EQUAL TO PREVIOUS FISCAL YEAR MAY NOT
BE ACHIEVED.
    * OUR INTERNAL FORECAST SCATTERS BETWEEN REACHING PREVIOUS
FORECAST AND A SIGNIFICANT REDUCTION THEREOF DUE TO INHERENT
UNCERTAINTY OF DURATION AND CONSEQUENCES OF COVID-19 PANDEMIC.
    * RELIABLE FORECAST FOR SALES AND PROFIT CANNOT BE GIVEN AT
THIS
POINT IN TIME.
    * DELIVERIES OF PRODUCTS AND PROJECTS OF LEAD CUSTOMERS,
WHICH HAD
BEEN BASIS FOR PREVIOUS FORECAST, ARE PARTIALLY STRETCHED INTO
YEAR 2021 OR MAY BE SHIFTED TO 2021 COMPLETELY

Source text for Eikon:  ID:nEQ9n1kXpa 
Further company coverage:  SYTG.DE 

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