Brief: STS Group 9-month Net Loss Widens To EUR 35.3 Million

STS AG

04/11/2020 16:34

Nov 4 (Reuters) - STS Group AG  SF3.DE :
    * SALES DECREASE BY 20.9% TO 218.5 MEUR (9M/2019: 276.3
MEUR), Q3
AT 82.5 MEUR ON PRIOR YEAR'S LEVEL (Q3/2019: 82.5 MEUR);
    * ADJUSTED EBITDA FOR NINE-MONTH PERIOD FALLS TO 1.9 MEUR
YEAR-ON-YEAR (9M/2019: 14.1 MEUR); Q3 AT 4.1 MEUR ON PREVIOUS
YEAR'S LEVEL (9M/2019: 4.0 MEUR);
    * 9-MONTH NET LOSS FOR REPORTING PERIOD WAS MINUS 35.3 MEUR
(9M/2019: MINUS 4.9 MEUR).
    * EXPECTS A SIGNIFICANT DECREASE IN REVENUES FOR 2020 FISCAL
YEAR
COMPARED TO PREVIOUS YEAR AND A CORRESPONDING LOWER ADJUSTED
EBITDA MARGIN
    * IS CURRENTLY PLANNING TO PUBLISH AN UPDATED FORECAST FOR
FISCAL
YEAR 2020 IN COMING WEEKS.

Source text for Eikon:  ID:nEQ5SC4bPa 
Further company coverage:  SF3.DE 

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