Brief: Stratec raises 2020 sales guidance, sees little impact from COVID-19

Stratec SE

04/05/2020 18:29

May 4 (Reuters) - Stratec SE  SBSG.DE :
    * DGAP-ADHOC: STRATEC REPORTS PRELIMINARY FIGURES FOR Q1
2020 AND
RAISES GUIDANCE FOR SALES GROWTH IN FINANCIAL YEAR 2020
    * SAYS STRATEC EXPECTS TO REPORT SALES OF EUR 56.5 MILLION
FOR Q1
OF 2020 (Q1 2019: EUR 46.6 MILLION)
    * SAYS COVID-19 PANDEMIC ONLY HAD A SLIGHT POSITIVE IMPACT
ON
FIRST-QUARTER SALES PERFORMANCE
    * SAYS ADJUSTED EBIT MARGIN FOR Q1 OF 2020 SHOULD AMOUNT TO
AROUND
13.6% AND THUS SIGNIFICANTLY EXCEED PREVIOUS YEAR'S FIGURE OF
10.7%
    * SAYS TO RAISE SALES GROWTH GUIDANCE FOR FINANCIAL YEAR
2020
    * SAYS STRATEC NOW EXPECTS TO GENERATE CONSTANT-CURRENCY
ORGANIC
SALES GROWTH IN A LOW DOUBLE-DIGIT PERCENTAGE RANGE IN FINANCIAL
YEAR 2020 (PREVIOUSLY: "HIGH SINGLE-DIGIT PERCENTAGE RANGE")
    * SAYS A FIGURE OF AROUND 15% IS STILL FORECAST FOR ADJUSTED
EBIT
MARGIN

Source text for Eikon:  ID:nEQ8JL8LXa 
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