DGAP-Adhoc Viscom AG: Adjustment of annual forecast for the 2020 financial year
DGAP-Ad-hoc: Viscom AG / Key word(s): Change in Forecast/Profit Warning
Viscom AG: Adjustment of annual forecast for the 2020 financial year
Hanover, 3rd November 2020 - The effects of the ongoing COVID-19 pandemic on the business activity of Viscom AG (ISIN DE0007846867), especially in the automotive sector, have resulted in the Executive Board adjusting the annual forecast last confirmed in Viscom AG's consolidated interim report. Viscom AG now expects consolidated revenue of between € 59 million and € 65 million for the 2020 financial year (previous forecast: € 65 million to € 80 million). The EBIT-Margin for the 2020 financial year is likely to be between -11.9 % and -7.7 % (previous forecast: between -7.7 % and +2.5 %), with EBIT of between € -7.0 million and € -5.0 million (previous forecast: between € -5.0 million and € +2.0 million). The economic disruption caused by the pandemic is severely affecting the ability to make predictions and is thus resulting in considerable forecast uncertainty.
03-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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|Phone:||+49 (0) 511 94 996 861|
|Fax:||+49 (0) 511 94 996 555|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1145065|
|End of Announcement||DGAP News Service|
1145065 03-Nov-2020 CET/CEST