Brief: Washtec FY EBIT Down At EUR 20.1 Mln

Washtec AG

31/03/2021 07:06

March 31 (Reuters) - WASHTEC AG  WSUG.DE :
    * SOLID EARNINGS AND IMPROVED FINANCIAL POSITION DESPITE
PANDEMIC-DRIVEN DECLINE IN REVENUE
    * FY REVENUE AT EUR 378.7M, PRIOR YEAR EUR 436.5M
    * FY EBIT AT EUR 20.1M, PRIOR YEAR EUR 36.3M; EBIT MARGIN AT
5.3%,
ADJUSTED EBIT MARGIN AT 6.8%
    * DIVIDEND PROPOSAL: 2020 EUR 0.99, SPECIAL DIVIDEND EUR
1.31
    * GUIDANCE 2021: STABLE REVENUE GROWTH WITH SIGNIFICANT
INCREASE
IN EBIT
    * CONTINUE TO WORK CONSISTENTLY ON INCREASING PROFITABILITY
TO
RETURN TO A DOUBLE-DIGIT EBIT MARGIN IN MEDIUM TERM

Source text for Eikon:  ID:nEQ3CfLM7a 
Further company coverage:  WSUG.DE 

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