Brief: Surteco 9M EBIT Down At EUR 28.8 Mln

Surteco SE

13/11/2020 06:06

Nov 13 (Reuters) - Surteco Group SE  SURG.DE :
    * SURTECO GROUP SE: WITH SIGNIFICANT INCREASE IN EARNINGS IN
THE
THIRD QUARTER, EBITDA MARGIN INCREASES TO 15.2 %
    * SALES UP TO 30 SEPTEMBER 2020 THEREFORE TOTALLED EUR 459.3
MILLION BY COMPARISON WITH EUR 519.3 MILLION IN PREVIOUS YEAR
    * GROUP SALES OF SURTECO GROUP SE AT EUR 162.2 MILLION IN Q3
WERE
ONLY 3 % BELOW YEAR-EARLIER PERIOD.
    * IN FIRST THREE QUARTERS OF 2020, GROUP GENERATED EBIT OF
EUR
28.8 MILLION AFTER EUR 31.6 MILLION IN PREVIOUS YEAR
    * DURING FIRST THREE QUARTERS, EBITDA OF EUR 59.9 MILLION
WAS
ACHIEVED AFTER EUR 64.6 MILLION IN 2019
    * OUTLOOK 2020: BUSINESS LOSSES SUFFERED IN Q2 AS A RESULT
OF
COVID 19 PANDEMIC CAN NO LONGER BE OFFSET BY END OF YEAR
    * AFTER TAX, SURTECO REPORTED A NINE-MONTH PROFIT OF EUR
18.6
MILLION FOLLOWING ON FROM EUR 19.5 MILLION OR EARNINGS PER SHARE
OF EUR 1.20 (9M 2019: EUR 1.26)
    * OUTLOOK 2020: FURTHER COURSE OF BUSINESS DEPENDS LARGELY
ON
COURSE OF PANDEMIC.

Source text for Eikon:  ID:nEQ9f9dvVa 
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