DGAP-Adhoc: WashTec AG: Adjusted Guidance for 2019 - continued stable revenue performance with EBIT margin of now around 9%
DGAP-Ad-hoc: WashTec AG / Key word(s): Change in Forecast
Augsburg, 24 October 2019: WashTec is adjusting its guidance for the full year 2019 and is aiming for a stable revenue performance with an EBIT margin of now around 9%.
The fourth quarter is expected to exceed the prior year's level, although revenue growth will be lower than assumed at the half-year reporting. The announced cost-reduction measures have started and are showing initial effects. The aim is to cut other operating expenses and to reduce the WashTec Group headcount to around 1,820 in line with the 2017 structures. This will cause additional expenses in the full year. The EBIT margin of around 9 % does not include any such extraordinary expenses. The detailed financial statement for Q3 of 2019 will be published tomorrow, Friday, October 25, 2019. Contact: WashTec AG Corporate Communications Axel Jaeger Argonstrasse 7 86153 Augsburg Tel.: +49 (0)821 - 55 84 - 1134 Fax: +49 (0)821 - 55 84 - 1135
24-Oct-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | WashTec AG |
Argonstraße 7 | |
86153 Augsburg | |
Germany | |
Phone: | +49 (0)821 55 84-0 |
Fax: | +49 (0)821 55 84-1135 |
E-mail: | [email protected] |
Internet: | www.washtec.de |
ISIN: | DE0007507501 |
WKN: | 750750 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 896547 |
End of Announcement | DGAP News Service |
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896547 24-Oct-2019 CET/CEST