Brief: STRATEC FY Adj. EBIT Up At EUR 41.7 Mln

Stratec SE

31/03/2021 06:09

March 31 (Reuters) - STRATEC SE  SBSG.DE :
    * STRATEC WITH DOUBLE-DIGIT SALES GROWTH AND SIGNIFICANTLY
INCREASED PROFITABILITY IN 2020
    * FY ADJUSTED EBIT ROSE 42.6 PERCENT TO 41.7 MILLION EUR
    * FY ADJUSTED BASIC EPS FROM CONTINUING OPERATIONS 2.92 EUR
    * FY CONSOLIDATED SALES AT CONSTANT CURRENCY UP BY 18.4% TO
EUR
250.1 MILLION IN 2020; NOMINAL: +16.8% (2019: EUR 214.2 MILLION)
    * FY ADJUSTED EBIT IN 2020 INCREASES BY 42.6% TO EUR 41.7
MILLION
(2019: EUR 29.3 MILLION)
    * FY ADJUSTED EBIT MARGIN IN 2020 IMPROVES BY 300 BASIS
POINTS TO
16.7% (2019: 13.7%)
    * FURTHER SALES GROWTH AND RISING PROFITABILITY EXPECTED FOR
2021
    * EXPECTS TO GENERATE CONSTANT-CURRENCY SALES GROWTH IN AT
LEAST A
MID SINGLE-DIGIT PERCENTAGE RANGE IN 2021 FINANCIAL YEAR
    * FOR ITS ADJUSTED EBIT MARGIN, STRATEC FORECASTS A FIGURE
OF
AROUND 17.0% TO 18.0% FOR 2021 FINANCIAL YEAR (2020: 16.7%)
    * COMPANY HAS MOST RECENTLY WITNESSED INCREASED ORDER
FORECASTS
FOR SECOND HALF OF 2021
    * THESE INCREASES HAVE NOT BEEN INCORPORATED INTO ABOVE
FINANCIAL
GUIDANCE
    * EXPECTS ITS CAPEX RATIO TO DECREASE IN 2021
    * WILL PROPOSE A DIVIDEND DISTRIBUTION OF EUR 0.90 PER SHARE
(PREVIOUS YEAR: EUR 0.84)

Source text for Eikon:  ID:nEQ1PR6Cga 
Further company coverage:  SBSG.DE 

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