Brief: Surteco H1 Net Profit Down At 12.7 Million Euros

Surteco SE

14/08/2019 06:38

Aug 14 (Reuters) - SURTECO GROUP SE  SURG.DE :
    * ON COURSE FOR FULL-YEAR TARGETS IN 2019
    * TARGETS FOR ENTIRE YEAR CONFIRMED: STABLE SALES OF EUR 655
TO
685 MILLION AND EBIT OF EUR 38 TO 40 MILLION EXPECTED
    * GROUP SALES FOR 1ST HALF YEAR OF 2019 AT EUR 352.7 MILLION
BELOW
YEAR-EARLIER VALUE IN LINE WITH EXPECTATIONS
    * H1 EBIT WAS INFLUENCED BY HIGHER DEPRECIATION AND
AMORTIZATION
OWING TO INVESTMENTS, BUT AT EUR 20.2 MILLION (H1 2018: EUR 23.5
MILLION)
    * H1 NET PROFIT OF EUR 12.7 MILLION (H1 2018: EUR 15.1
MILLION)

Source text for Eikon:  ID:nEQbFbR6Ca 
Further company coverage:  SURG.DE 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))