Brief: STRATEC FY Net Income Up 28.0% To EUR 25.9 Million

Stratec SE

02/04/2020 06:03

April 2 (Reuters) - Stratec SE  SBSG.DE :
    * FY SALES 221.6 MILLION EUR
    * DGAP-NEWS: STRATEC GENERATES DOUBLE-DIGIT SALES AND
EARNINGS
GROWTH IN 2019
    * ADJUSTED EBIT FOR 2019 INCREASES BY 19.1% TO EUR 31.2
MILLION
(2018: EUR 26.2 MILLION)
    * ADJUSTED EBIT MARGIN FOR 2019 AT 14.1% (2018: 13.9%)
    * OUTLOOK FOR 2020: HIGH SINGLE-DIGIT PERCENTAGE SALES
GROWTH AT
CONSTANT CURRENCY AND ADJUSTED EBIT MARGIN OF AROUND 15%
EXPECTED
    * SALES UP BY 18.0% TO EUR 221.6 MILLION IN 2019
    * FY NET INCOME FROM CONTINUING OPERATIONS ROSE BY 28.0% TO
EUR
25.9 MILLION (2018: EUR 20.2 MILLION)
    * EXPECTS TO GENERATE RISING SALES WITH SYSTEMS AND WITH
SERVICE
PARTS AND CONSUMABLES IN FISCAL YEAR 2020
    * STRATEC EXPECTS TO GENERATE CONSTANT-CURRENCY CONSOLIDATED
SALES
GROWTH IN A HIGH SINGLE-DIGIT PERCENTAGE RANGE IN FISCAL YEAR
2020
    * FOR 2020 FINANCIAL YEAR, STRATEC EXPECTS TO GENERATE AN
ADJUSTED
EBIT MARGIN OF AROUND 15 % (2019: 14.1 %).

Source text for Eikon:  ID:nEQ9S5CFda 
Further company coverage:  SBSG.DE 

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