Brief: Surteco Group H1 EBIT Of EUR 14.4 Million

Surteco SE

12/08/2020 06:39

Aug 12 (Reuters) - Surteco Group SE  SURG.DE :
    * DGAP-NEWS: SURTECO GROUP SE: WITH POSITIVE RESULT IN THE
SECOND
QUARTER DESPITE SIGNIFICANT NEGATIVE IMPACTS FROM THE COVID-19
PANDEMIC
    * H1 SALES FOR HALF YEAR AT EUR 297.1 MILLION WERE
CONSEQUENTLY 16
% LOWER THAN YEAR-EARLIER VALUE (EUR 352.7 MILLION)
    * H1 EBITDA OF EUR 35.2 MILLION (Q2-2020: EUR 11.4 MILLION)
    * OUTLOOK 2020: UPTURN IN DEMAND ANTICIPATED IN SECOND HALF
OF
YEAR
    * H1 EBIT OF EUR 14.4 MILLION (Q2-2020: EUR 1.0 MILLION)
    * COMPANY CONTINUES TO ASSUME THAT SALES AND OPERATING
RESULT FOR
FULL YEAR WILL BE SIGNIFICANTLY BELOW ORIGINAL TARGETS OF EUR
675 TO 700 MILLION AND EUR 40 TO 45 MILLION AS ALREADY ANNOUNCED
AT END OF APRIL

Source text for Eikon:  ID:nEQ4XGDvYa 
Further company coverage:  SURG.DE 

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