Brief: Steico Q1 EBIT Down At EUR 6.0 Million

Steico SE

24/04/2020 13:42

April 24 (Reuters) - STEICO SE  ST5G.DE :
    * PRELIMINARY KEY DATA FOR Q1 2020 AND ADJUSTMENT TO THE
FORECAST
FOR 2020 AS A WHOLE
    * Q1 REVENUES SUMMED UP TO APPROX. EUR 74.4 MILLION WHICH IS
A
PLUS OF 4.9% (PREVIOUS YEAR: EUR 70.9 MILLION)
    * Q1 EBIT WENT DOWN BY 9.2% TO APPROX. EUR 6.0 MILLION
(PREVIOUS
YEAR: EUR 6.6 MILLION)
    * FOR 2020 AS A WHOLE, BOARD OF DIRECTORS EXPECTS REVENUES
TO BE
BETWEEN PREVIOUS YEAR'S LEVEL AND PLUS 5% GROWTH, WITH AN EBIT
RATIO OF BETWEEN 7.5% AND 8.5%.
    * NOT TO INCREASE DIVIDEND COMPARED TO PREVIOUS YEAR AND TO
PAY
0.25 EUR PER SHARE AGAIN.

Source text for Eikon:  ID:nEQ3w89Pa 
Further company coverage:  ST5G.DE 

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