Brief: WashTec Sees Revenue Drop Of 15% To 20% In 2020

Washtec AG

27/07/2020 14:54

July 27 (Reuters) - WASHTEC AG  WSUG.DE :
    * ISSUES A NEW GUIDANCE FOR THE FINANCIAL YEAR 2020
    * EXPECTS A DECLINE IN REVENUE OF 15% TO 20% FOR FINANCIAL
YEAR
2020 COMPARED TO PRIOR YEAR
    * SEES DECLINE IN EARNINGS BEFORE INTEREST AND TAXES (EBIT)
AND IS
AIMING FOR AN EBIT MARGIN OF 3% TO 5% IN 2020
    * EXPECTS AN INCREASING FREE CASH FLOW FOR CURRENT YEAR
    * IN MEDIUM TERM, GOAL REMAINS TO DELIVER AGAIN A
DOUBLE-DIGIT
EBIT MARGIN AS A RESULT OF IMPLEMENTED MEASURES

Source text for Eikon:  ID:nEQ2Dh1XLa 
Further company coverage:  WSUG.DE 

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