Brief: STS Group H1 EBITDA Down At EUR -3.9 Mln

STS AG

06/08/2020 06:35

Aug 6 (Reuters) - STS GROUP AG  SF3.DE :
    * STS GROUP AG PUBLISHES FIGURES FOR FIRST HALF-YEAR OF 2020
-
BUSINESS DEVELOPMENT IN EUROPE IMPACTED BY COVID-19 - CHINA
SEGMENT WITH GOOD PERFORMANCE IN SECOND QUARTER OF 2020
    * STS GROUP GENERATED REVENUES OF 136.0 MEUR IN PERIOD FROM
JANUARY 1 TO JUNE 30, 2020, COMPARED WITH 193.8 MEUR (MINUS
29.8%) IN SAME PERIOD OF PREVIOUS YEAR
    * (EBITDA) FELL TO MINUS 3.9 MEUR IN FIRST HALF OF 2020
(H1/2019:
10.1 MEUR)
    * (ADJUSTED EBITDA) FELL TO MINUS 2.2 MEUR IN REPORTING
PERIOD,
COMPARED TO 10.1 MEUR IN SAME PERIOD OF PREVIOUS YEAR
    * EXPECTS A SIGNIFICANT DECLINE IN REVENUES FOR 2020 FISCAL
YEAR
COMPARED TO PREVIOUS YEAR
    * EXPECTS A DECLINING ADJUSTED EBITDA MARGIN IN LINE WITH
DECLINE
IN REVENUES IN 2020

Source text for Eikon:  ID:nEQc6jLrsa 
Further company coverage:  SF3.DE 

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