Brief: Surteco Group Says Preliminary Sales For First Half Amount To EUR 428 Mln Vs EUR 415 Mln

Surteco SE

20/07/2023 19:08

July 20 (Reuters) - Surteco Group Se  SURG.DE :
    * EQS-ADHOC: SURTECO GROUP SE: ADJUSTMENT OF THE FORECAST
FOR 2023
DUE TO ONE-OFF SPECIAL EFFECTS AND CONTINUED WEAK DEMAND
    * PRELIMINARY SALES FOR FIRST HALF OF 2023 AMOUNT TO EUR 428
MILLION (1 HY 2022: EUR 415 MILLION)
    * H1 PRELIMINARY EBIT (EARNINGS BEFORE FINANCIAL RESULT AND
TAXES)
TO EUR 7.6 MILLION (1 HY 2022: EUR 33.5 MILLION)
    * EBIT IN RANGE OF EUR 20 TO 30 MILLION IS NOW EXPECTED FOR
2023
FINANCIAL YEAR
    * SURTECO GROUP - DUE TO CONTINUED WEAK DEMAND, GROUP SALES
IN
2023 FINANCIAL YEAR WILL ALSO BE SLIGHTLY BELOW ORIGINAL
FORECAST OF EUR 920 TO 950 MILLION
    * GROUP SALES IN 2023 FINANCIAL YEAR WILL ALSO BE SLIGHTLY
BELOW
ORIGINAL FORECAST OF EUR 920 TO 950 MILLION
    * FOR FY 2023 EBIT ADJUSTED IS EXPECTED TO BE IN RANGE OF
EUR 45
TO 55 MILLION.
    * SURTECO GROUP  - MEASURES SHOULD LEAD EBIT OF OVER EUR 60
MILLION AND EBITDA OF OVER EUR 110 MILLION BEFORE SPECIAL
EFFECTS FROM 2024 FINANCIAL YEAR ONWARDS

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

 ((Reuters.briefs@thomsonreuters.com;))