Brief: Villeroy & Boch Q3 EBIT At EUR 10.3 Million

Villeroy & Boch AG

20/10/2020 07:02

Oct 20 (Reuters) - VILLEROY & BOCH AG  VIBG_p.DE :
    * Q3 EBIT 10.3 MILLION EUR
    * STRONG REVENUE GROWTH TO EUR 548.7 MILLION IN Q3 HALVES
DEFICIT
COMPARED WITH PREVIOUS YEAR (-6.7 % AFTER -13.4 % IN FIRST HALF
OF YEAR)
    * OPERATING RESULT FORECAST FOR FULL-YEAR 2020 RAISED TO EUR
30-35
MILLION (PREVIOUSLY: SECOND HALF OF YEAR TO OFFSET LOSSES
RECORDED IN FIRST HALF DUE TO CORONAVIRUS)
    * Q3 OPERATING RESULT (EBIT) RETURNS TO DOUBLE-DIGIT
POSITIVE
TERRITORY AT EUR 10.3 MILLION FOLLOWING EARNINGS GROWTH IN Q3
(FIRST HALF OF YEAR: EUR -10.0 MILLION)
    * NOW FORECASTING FY OPERATING RESULT (EBIT) OF EUR 30-35
MILLION
    * WE EXPECT POSITIVE REVENUE TREND TO CONTINUE IN
TRADITIONALLY
STRONG Q4 PROVIDED RISE IN CORONAVIRUS INFECTIONS DOES NOT HAVE
A NEGATIVE IMPACT ON ECONOMY

Source text for Eikon:  ID:nEQ7rYL9ca 
Further company coverage:  VIBG_p.DE 

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