Brief: Steico Se Says Revenue Of Eur 69.7 Mln Was Recorded In Q2

Steico SE

16/07/2020 19:51

July 16 (Reuters) - Steico SE  ST5G.DE :
    * REVENUE IMPROVED BY 3.3% TO EUR 144.2 MILLION IN FIRST SIX
MONTHS OF 2020
    * H1 EBITDA TOTALED EUR 23.7 MILLION, DOWN 8.8%; EBITDA
MARGIN IS
16.6%
    * EBIT MARGIN AMOUNTED TO 8.6% IN H1
    * FOR 2020, BOARD OF DIRECTORS CONTINUES TO EXPECT REVENUES
TO BE
BETWEEN PREVIOUS YEAR'S LEVEL AND PLUS 5% GROWTH
    * MANAGEMENT CONTINUES TO TAKE A POSITIVE VIEW OF SECOND
HALF OF
2020
    * EBIT IN FIRST SIX MONTHS TOTALED EUR 12.2 MILLION AND WAS
THUS
DOWN BY 10.9% COMPARED TO PREVIOUS YEAR
    * REVENUES OF EUR 69.7 MILLION WERE RECORDED IN Q2
    * Q2 GROSS PROFITS AMOUNTED TO EUR 31.9 MILLION
    * EBITDA IN Q2 FELL BY 10.4% TO EUR 11.6 MILLION
    * Q2 EBIT FELL BY 12.5% TO EUR 6.2 MILLION
    * SEES EBIT RATIO OF BETWEEN 8.5% AND 9.5% FOR 2020
    * Q2 EBITDA MARGIN IS 16.6%; EBIT MARGIN IS 8.9%

Source text for Eikon:  ID:nEQ4dvfKca 
Further company coverage:  ST5G.DE 

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