Brief: Washtec H1 EBIT Down At EUR 5.2 Mln

Washtec AG

28/07/2020 07:05

July 28 (Reuters) - WASHTEC AG  WSUG.DE :
    * BUSINESS IN SECOND QUARTER AFFECTED BY IMPACTS OF COVID-19
PANDEMIC
    * EBIT POSITIVE AT EUR 3.5M (PRIOR YEAR: EUR 6.6M) IN Q2;
HALF
YEAR EBIT OF EUR 5.2M (PRIOR YEAR: EUR 9.3M) THEREFORE
SIGNIFICANTLY BELOW PRIOR YEAR
    * Q2 REVENUE OF EUR 88.1M (PRIOR YEAR: EUR 106.7M)
SIGNIFICANTLY
DOWN ON PRIOR YEAR
    * GUIDANCE FOR FULL YEAR 2020: FALL IN REVENUE BETWEEN 15%
AND 20%
AND DECREASING EBIT WITH AN EBIT MARGIN OF 3%-5%
    * ORDER BACKLOG (MACHINES AND EQUIPMENT) AT END OF FIRST
HALF WAS
SIGNIFICANTLY DOWN YEAR-ON-YEAR
    * IN MEDIUM TERM, GOAL REMAINS TO ACHIEVE AGAIN A
DOUBLE-DIGIT
EBIT MARGIN THROUGH IMPLEMENTED MEASURES

Source text for Eikon:  ID:nEQ7DBLRLa 
Further company coverage:  WSUG.DE 

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