Brief: Steico Raises 2020 Revenue Guidance

Steico SE

15/10/2020 07:58

Oct 15 (Reuters) - Steico SE  ST5G.DE :
    * SAID ON WEDNESDAY REVENUE IN THE FIRST NINE MONTHS
IMPROVED BY
5.5 % TO € 227.2 MILLION
    * 9-MONTH EBITDA WAS DOWN 7.7 % YEAR-ON-YEAR TO € 41.5
MILLION
(-2.6 % ADJ.) EBIT TOTALLED € 24.5 MILLION, DOWN 8.8 % (+/-0 %
ADJ.)
    * 9-MONTH NET INCOME FOR THE PERIOD WAS DOWN 14.2 %
YEAR-ON-YEAR
AT € 16.8 MILLION (-2.3 % ADJ.)
    * EXPECTS GROWTH TO CONTINUE IN THE FOURTH QUARTER -
PROVIDED THAT
NEITHER TIGHTENED COVID-19 RESTRICTIONS NOR AN EARLY ONSET OF
WINTER INHIBIT BUSINESS ACTIVITY.
    * RAISING ITS FORECAST FOR THE WHOLE OF 2020. REVENUE IS
EXPECTED
TO GROW BY BETWEEN 5.0 % AND 7.0 % YEAR-ON-YEAR, WITH THE EBIT
RATIO EXPECTED TO BE BETWEEN 10.5 % AND 11.5 %

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEQ5KPWvZa
    
 Further company coverage:  ST5G.DE  
   


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