Brief: Surteco Group Raises FY Guidance

Surteco SE

14/07/2021 15:12

July 14 (Reuters) - Surteco Group SE  SURG.DE :
    * PRELIMINARY SALES AND EARNINGS FOR THE FIRST HALF OF THE
YEAR
2021 - FORECAST RAISED
    * COMPANY IS RAISING ITS TARGETS FOR FULL YEAR 2021.
    * GROUP SALES SHOULD CLEARLY EXCEED ORIGINAL TARGET OF EUR
650
MILLION TO EUR 675 MILLION AND IS LIKELY TO BE ABOVE EUR 700
MILLION.
    * GROUP EBIT IS ALSO EXPECTED TO BE ABOVE EUR 52 MILLION -
UPPER
END OF ORIGINAL RANGE OF EUR 47 MILLION TO EUR 52 MILLION.
    * H1 PRELIMINARY EARNINGS BEFORE INTEREST AND TAXES (EBIT)
ROSE BY
+170% COMPARED TO PREVIOUS YEAR, MORE SIGNIFICANTLY THAN
EXPECTED TO AROUND EUR 39 MILLION.
    * SURTECO GROUP SE - HALF-YEARLY SALES ARE ACCORDING TO
PRELIMINARY FIGURES AT APPROX. EUR 378 MILLION AND THUS ABOVE
INTERNAL AND EXTERNAL ASSUMPTIONS.

Source text for Eikon:  ID:nEQRF05Ha 
Further company coverage:  SURG.DE 

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