Management Reports • May 14, 2020
Management Reports
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DGAP-Ad-hoc: Burgenland HoldingAG/ Keyword(s):Change in Forecast/Change in Forecast Burgenland HoldingAG: Energie BurgenlandAG, in which Burgenland HoldingAGholds a 49 percent interest, expects positive one-off effects in the aggregate amount of EUR24 million for the financial year 2019/20
14-May-2020 / 18:54 CET/CEST
Disclosure of an inside information acc. toArticle 17 MARof the Regulation (EU) No 596/2014, transmitted byDGAP- a service of EQS GroupAG.
The issuer is solelyresponsible for the content of this announcement.
Burgenland HoldingAG was informed today by Energie BurgenlandAG that it expects extraordinary contributions to its results in the aggregate amount of EUR 24 million for the financial year 2019/20 ending 30. September 2020. These are due to the realization of one-off effects in connection with the termination of the U.S. cross-border lease in the amount of around EUR 20 million as well as the sale of a minority interest in the amount of around EUR 4 million. The financial result of Burgenland Holding AG is affected largely by the financial result of Energie BurgenlandAG, in which it holds a 49% interest.
Furthermore, assuming average energy market conditions, an operative business development with usual fluctuations is expected.
Contact: Burgenland HoldingAG Member of Executive Board
Dr. Klaus Kohlhuber Technologiezentrum Marktstraße 3 7000 Eisenstadt Phone: +43 2236 200-12398 E-Mail: [email protected]
14-May-2020 CET/CESTThe DGAPDistribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases. Archive atwww.dgap.de
| Language: | English |
|---|---|
| Company: | Burgenland HoldingAG |
| Marktstraße 3 | |
| 7000 Eisenstadt | |
| Austria | |
| Phone: | +43 2236 200 24186 |
| Fax: | +43 2236 200 84703 |
| E-mail: | [email protected] |
| Internet: | www.buho.at |
| ISIN: | AT0000640552 |
| WKN: | 879095 |
| Listed: | Regulated Unofficial Market in Berlin, Stuttgart; Vienna Stock Exchange (Official Market) |
| EQSNews ID: | 1045801 |
End ofAnnouncement DGAPNews Service
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