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AUMANN AG (FRA:DE000A2D) Aumann adjusts sales and earnings forecast

Directive transparence : information réglementée

10/07/2019 20:55

DGAP-Ad-hoc: Aumann AG / Key word(s): Change in Forecast
Aumann adjusts sales and earnings forecast

10-Jul-2019 / 20:55 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Beelen, 10 July 2019

Aumann AG ("Aumann", ISIN: DE000A2DAM03) has today cautiously reassessed its revenue and earnings expectations for the 2019 financial year. Repeated postponements of orders with significant volumes led to a disappointing order intake of around EUR 85 million in the first half of the year. Against this backdrop, revenues of EUR 240 to 260 million are now expected for the current fiscal year. Adjusted EBIT is forecast at up to EUR 22 million, but may be reduced to EUR 16 million depending on further market developments.
 
The main reasons for this development are the decline in vehicle sales and the resulting uncertainty in the automotive industry, which is reflected in a considerable reluctance to invest and cost discipline by manufacturers and suppliers. Aumann expects these factors to continue beyond the current fiscal year, but considers the medium-term trend in e-mobility to be unbroken.

10-Jul-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Aumann AG
Dieselstraße 6
48361 Beelen
Germany
Phone: +49 (0) 2586 888-7800
Fax: +49 (0) 2586 888-7805
E-mail: info@aumann.com
Internet: www.aumann.com
ISIN: DE000A2DAM03
WKN: A2DAM0
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 839589

 
End of Announcement DGAP News Service

839589  10-Jul-2019 CET/CEST

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