Brief: Stratec 9-Month Adjusted Net Income Up At EUR 23.8 Million

Stratec SE

05/11/2020 05:58

Nov 5 (Reuters) - STRATEC SE  SBSG.DE :
    * 9M ADJUSTED EBIT ROSE 40.7 PERCENT TO 28.1 MILLION EUR
    * 9M ADJUSTED BASIC EPS FROM CONTINUING OPERATIONS ROSE 48.1
PERCENT TO 1.97 EUR
    * FINANCIAL GUIDANCE FOR 2020: SALES AND MARGIN EXPECTED AT
UPPER
END OF FORECAST RANGES
    * ADJUSTED EBIT IN 9M/2020 UP 40.7% TO EUR 28.1 MILLION
(9M/2019:
EUR 20.0 MILLION)
    * SALES IN 9M/2020 RISE YEAR-ON-YEAR BY 13.1% TO EUR 179.1
MILLION
(9M/2019: EUR 158.3 MILLION)
    * FOR 2020, STRATEC STILL EXPECTS ITS INVESTMENTS IN
PROPERTY,
PLANT AND EQUIPMENT AND INTANGIBLE ASSETS TO CORRESPOND TO
AROUND 10% TO 12% OF SALES
    * 9MTH ADJUSTED CONSOLIDATED NET INCOME FROM CONTINUING
OPERATIONS
(PURSUANT TO IFRS 5) INCREASED BY 49.2% TO EUR 23.8 MILLION
(9M/2019: EUR 15.9 MILLION).
    * INVESTMENT RATIO IS EXPECTED TO DECREASE FURTHER IN 2021
    * FOR 2020, STRATEC STILL EXPECTS ITS INVESTMENTS IN
PROPERTY,
PLANT AND EQUIPMENT AND INTANGIBLE ASSETS TO CORRESPOND TO
AROUND 10% TO 12% OF SALES
    * CAN CONFIRM FINANCIAL GUIDANCE ISSUED FOR 2020

Source text for Eikon:  ID:nEQ2fr9Hfa 
Further company coverage:  SBSG.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))