Brief: WashTec FY EBIT Down At EUR 36.3 Mln

Washtec AG

18/03/2020 07:05

March 18 (Reuters) - WASHTEC AG  WSUG.DE :
    * FISCAL YEAR 2019 - STABLE REVENUE PERFORMANCE WITH
SIGNIFICANT
DECREASE IN EBIT - PERFORMANCE PROGRAM SHOWS FIRST SUCCESSES IN
THE SECOND HALF OF THE YEAR
    * FY REVENUE UP BY 0.2% FROM EUR 435.4M TO EUR 436.5M
    * FY EBIT DOWN ON PRIOR YEAR AT EUR 36.3M (PRIOR YEAR: EUR
51.5M)
    * GUIDANCE 2020: STABLE REVENUE GROWTH WITH A SLIGHT
INCREASE IN
EBIT
    * OUTLOOK 2020: EFFECTS ON OUTLOOK DUE TO CORONAVIRUS CRISIS
ARE
FINALLY DETERMINED BY VARIOUS FACTORS
    * IT IS NOT POSSIBLE TO FORESEE OVER WHAT PERIOD OF TIME, IN
WHICH
DIVISIONS AND TO WHAT EXTENT THERE WILL BE NEGATIVE EFFECTS FROM
CORONAVIRUS
    * DIVIDEND OF EUR 1.65 PER SHARE
    * WORKING ON INCREASING PROFITABILITY IN ORDER TO RETURN TO
A
DOUBLE-DIGIT EBIT MARGIN IN MEDIUM TERM

Source text for Eikon:  ID:nEQ957FY9a 
Further company coverage:  WSUG.DE 

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