Brief: STRATEC Q1 Adjusted EBIT Up At EUR 7.7 Mln

Stratec SE

14/05/2020 05:53

May 14 (Reuters) - STRATEC SE  SBSG.DE :
    * SALES UP BY 21.3% TO EUR 56.5 MILLION IN Q1/2020; ORGANIC
GROWTH
OF +20.1% (Q1/2019: EUR 46.6 MILLION)
    * ADJUSTED EBIT FOR Q1/2020 INCREASES BY 53.9% TO EUR 7.7
MILLION
(Q1/2019: EUR 5.0 MILLION)
    * OUTLOOK FOR 2020 CONFIRMED: ORGANIC SALES GROWTH IN LOW
DOUBLE-DIGIT PERCENTAGE RANGE AND ADJUSTED EBIT MARGIN OF AROUND
15% EXPECTED
    * Q1 CONSOLIDATED NET INCOME FROM CONTINUING OPERATIONS
INCREASED
BY 66.3% TO EUR 6.2 MILLION (Q1/2019: EUR 3.8 MILLION)
    * IMPLICATIONS OF PANDEMIC, SUCH AS THOSE OUTLINED ABOVE,
BUT ALSO
POTENTIAL INTERRUPTIONS WITHIN SUPPLY CHAIN, ARE STILL NOT FULLY
VISIBLE
    * APART FROM THOSE EFFECTS THAT HAD ALREADY MATERIALIZED BY
END OF
APRIL 2020, ABOVE GUIDANCE THEREFORE DOES NOT ACCOUNT FOR
EFFECTS OF PANDEMIC

Source text for Eikon:  ID:nEQJL8wRa 
Further company coverage:  SBSG.DE 

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