Brief: STS Group AG Reports H1 Revenue Of 136 Mln Euros VS 193.8 Mln Euros

STS AG

03/08/2020 19:10

Aug 3 (Reuters) - STS Group AG  SF3.DE :
    * DGAP-ADHOC: STS GROUP AG PUBLISHES PRELIMINARY FIGURES FOR
FIRST
HALF OF 2020: SIGNIFICANT DECLINE IN REVENUES AND EARNINGS DUE
TO COVID-19
    * STS GROUP AG - PRELIM H1 2020 REVENUES AMOUNTED TO 136.0
MILLION
EUR VERSUS 193.8 MILLION EUR IN PREVIOUS YEAR
    * STS GROUP - PRELIMINARY EBITDA DEVELOPED IN LINE WITH
REVENUE
DECLINE, FALLING TO MINUS 3.9 MILLION EUR IN FIRST HALF OF 2020
(H1/2019: 10.1 MEUR)
    * STS GROUP - DECLINE IN REVENUES IS MAINLY DUE TO SLOWDOWN
IN
EUROPEAN BUSINESS AND TO PLANT CLOSURES IN FRANCE, ITALY CAUSED
BY PANDEMIC
    * STS GROUP - MANAGEMENT BOARD EXPECTS SIGNIFICANT DECLINE
IN
REVENUES FOR 2020 FY VERSUS PREVIOUS YEAR
    * STS GROUP AG - PRELIM CONSOLIDATED RESULT FOR H1 2020 IS
MINUS
27.7 MILLION EUROS (H1/2019: MINUS 2.3 MILLION EUR)
    * STS GROUP- CASH,CASH EQUIVALENTS INCREASED TO 22.8 MEUR AS
OF
JUNE 30(DEC 31, 2019: 17.2 MEUR),DUE TO CONCLUSION OF LOANS
GUARANTEED BY GOVERNMENT IN FRANCE

Source text for Eikon:  ID:nEQ8xtkgza 
Further company coverage:  SF3.DE 

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