July 8, 2020 / 5:05 AM / a month ago

BRIEF-Kardex Expects Decline In Bookings And Earnings

July 8 (Reuters) - KARDEX HOLDING AG:

* EXPECTS DECLINE IN BOOKINGS AND EARNINGS

* EXPECTS A TEMPORARY SLOWDOWN IN POSITIVE DEVELOPMENT OF REVENUES IN SECOND HALF OF YEAR AND A RELATED DECLINE IN PROFITABILITY

* IN FIRST HALF OF 2020 BOOKINGS OF KARDEX ARE ALMOST 15% LOWER THAN IN SAME PERIOD LAST YEAR

* FIRST SIX MONTHS OF YEAR UNDER REVIEW ARE EXPECTED TO SHOW A DECLINE IN REVENUES OF AROUND 10% COMPARED TO PREVIOUS YEAR

* ASSUMES THAT BOOKINGS SITUATION WILL GRADUALLY RECOVER IN COMING MONTHS UNTIL END OF YEAR

* H1 EBIT MARGIN OF KARDEX IS EXPECTED TO BE AROUND 2% BELOW SAME PERIOD LAST YEAR Source text for Eikon: Further company coverage: (Gdansk Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below