Brief: Stratec expects sales growth of at least 12% in 2021

Stratec SE

21/07/2021 16:59

July 21 (Reuters) - Stratec SE  SBSG.DE :
    * DGAP-ADHOC: STRATEC POSTS PRELIMINARY FIGURES FOR THE
FIRST HALF
AND PUBLISHES NEW SALES GUIDANCE FOR THE 2021 FINANCIAL YEAR
    * SAYS STRATEC EXPECTS TO REPORT CONSOLIDATED SALES OF EUR
155.8
MILLION FOR FIRST HALF OF 2021 (PREVIOUS YEAR: EUR 119.4
MILLION)
    * SAYS ADJUSTED EBIT FOR FIRST HALF OF 2021, ALSO BASED ON
PRELIMINARY FIGURES, IS EXPECTED TO RISE YEAR-ON-YEAR BY 87.0%
TO EUR 34.4 MILLION (PREVIOUS YEAR: EUR 18.4 MILLION)
    * SAYS MANAGEMENT HAS DECIDED TO ADJUST SALES GROWTH
GUIDANCE
FIGURE FOR 2021
    * SAYS STRATEC NOW EXPECTS TO GENERATE CONSTANT-CURRENCY
SALES
GROWTH OF AT LEAST 12.0% IN 2021 FINANCIAL YEAR (PREVIOUSLY: "AT
LEAST IN A HIGH SINGLE-DIGIT PERCENTAGE RANGE")
    * SAYS FOR ITS ADJUSTED EBIT MARGIN, COMPANY IS STILL
FORECASTING
AN UNCHANGED FIGURE OF AROUND 17.5% TO 18.5%

Source text for Eikon:  ID:nEQ4d1vtma 
Further company coverage:  SBSG.DE 

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