Brief: STS Group Specifies Outlook For 2020

STS AG

17/11/2020 06:33

Nov 17 (Reuters) - STS GROUP AG  SF3.DE :
    * SPECIFIES OUTLOOK FOR FISCAL YEAR 2020
    * IT ASSUMED THAT SALES IN FINANCIAL YEAR 2020 WILL BE
SIGNIFICANTLY BELOW LEVEL OF PREVIOUS YEAR AND A DECLINING
ADJUSTED EBITDA MARGIN WAS EXPECTED
    * CONTINUES TO EXPECT A YEAR-ON-YEAR DECLINE IN SALES OF
-16.0%
(305 MEUR) TO -14.0% (312 MEUR) (EXCLUDING ACOUSTICS BUSINESS
SEGMENT: -8.0% (231 MIO. EUR) TO -5.1% (238 MIO. EUR)) FOR
FISCAL YEAR 2020
    * EXPECTS TO ACHIEVE AN ADJUSTED EBITDA MARGIN, ADJUSTED FOR
EXTRAORDINARY EXPENSES, IN RANGE OF 4.0% TO 4.8% FOR FULL YEAR
2020 (2019: 4.9%)

Source text for Eikon:  ID:nEQb3k2yqa 
Further company coverage:  SF3.DE 

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