DGAP-Ad-hoc: Viscom AG / Key word(s): Preliminary Results/Change in Forecast
Viscom AG adjusts forecast for 2019
Hanover, 30 July 2019 - On the basis of preliminary figures, Viscom AG (ISIN DE0007846867) achieved consolidated revenue of around EUR 42.4 million for the first half of 2019 (previous year: EUR 42.9 million). Operating profit (EBIT) fell short of the Company's expectations at around EUR 1.6 million (previous year: EUR 4.6 million). Incoming orders fell by 17.9 % from EUR 48.8 million in the first half of 2018 to EUR 40.0 million as of 30 June 2019.
Viscom could not escape the general development of the global economy. Considerably weaker-than-expected global industrial production diminished Viscom AG's volume and margin performance. Declining growth, especially in the automotive industry, had a negative impact on business.
Due to the slowdown of global economic growth and industrial production, primarily in the automotive sector, Viscom now expects consolidated revenue of between EUR 85 million and EUR 94 million for 2019 as a whole (previous forecast: EUR 94 million to EUR 100 million). According to the current estimate, the EBIT-Margin is expected to be between 5 % and 9 % in 2019 (previous forecast: 10 % to 13 %). This equates to an EBIT of EUR 4.3 million to EUR 8.5 million (previous forecast: EUR 9.4 million to EUR 13 million).
30-Jul-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|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:||848893|
|End of Announcement||DGAP News Service|
848893 30-Jul-2019 CET/CEST