Brief: Stratec H1 Adj. EBIT Up At EUR 18.4 Mln

Stratec SE

13/08/2020 06:12

Aug 13 (Reuters) - STRATEC SE  SBSG.DE :
    * H1 SALES 119.4 MILLION EUR
    * SALES IN H1/2020 RISE YEAR-ON-YEAR BY 9.9% TO EUR 119.4
MILLION
(H1/2019: EUR 108.6 MILLION)
    * ADJUSTED EBIT RISES BY 43.8% TO EUR 18.4 MILLION IN
H1/2020
(H1/2019: EUR 12.8 MILLION)
    * H1 CONSOLIDATED NET INCOME FROM CONTINUING OPERATIONS
(PURSUANT
TO IFRS 5) ALSO IMPROVED, IN THIS CASE BY 49.2% TO EUR 15.6
MILLION (H1/2019: EUR 10.5 MILLION).
    * NOW EXPECTS TO ACHIEVE CONSTANT-CURRENCY ADJUSTED ORGANIC
SALES
GROWTH OF BETWEEN 14.0% AND 18.0% IN 2020 FINANCIAL YEAR (2019
SALES BASIS: EUR 214.2 MILLION)
    * FOR ITS ADJUSTED EBIT MARGIN, STRATEC NOW FORECASTS FOR FY
2020
A FIGURE OF AROUND 15.5% TO 16.5% (2019: 13.7%)

Source text for Eikon:  ID:nEQ6G6yWCa 
Further company coverage:  SBSG.DE 

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