Brief: STS Group Q1 Adjusted EBITDA Swings To Loss Of EUR 1.2 Million

STS AG

13/05/2020 06:38

May 13 (Reuters) - STS Group AG  SF3.DE :
    * PUBLISHES FIGURES FOR THE FIRST QUARTER OF 2020 - BUSINESS
DEVELOPMENT NEGATIVELY AFFECTED BY COVID-19 / CHINA NEVERTHELESS
WITH REVENUE AND EARNINGS GROWTH
    * ADJUSTED EBITDA IN Q1 OF 2020 DOWN YEAR-ON-YEAR AT -1.2
MEUR
(3M/2019: 4.3 MEUR)
    * Q1 REVENUES IN Q1 OF 2020 74.3 MEUR (3M/2019: 95.5 MEUR);
    * COVID-19 CONDITIONAL COMPARATIVE FORECAST 2020: REVENUES
BELOW
PRIOR YEAR AND DECLINING ADJUSTED EBITDA-MARGIN
    * AT -1.2 MEUR, ADJUSTED OPERATING RESULT (ADJUSTED EBITDA)
IN Q1
OF 2020 WAS SIGNIFICANTLY BELOW PREVIOUS YEAR'S PERIOD (3M/2019:
4.3 MEUR)
    * EXPECTS REVENUES FOR FISCAL YEAR 2020 TO BE BELOW PREVIOUS
YEAR'S LEVEL

Source text for Eikon:  ID:nEQvqx4Pa 
Further company coverage:  SF3.DE 

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