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Ekotechnika AG
Earnings Release • Mar 29, 2021
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Earnings Release
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News Details
Ad-hoc | 29 March 2021 15:11
Ekotechnika AG raises forecast for the financial year 2020/2021
Ekotechnika AG / Key word(s): Change in Forecast
Ekotechnika AG raises forecast for the financial year 2020/2021
29-March-2021 / 15:11 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.
Ekotechnika AG raises forecast for the financial year 2020/2021
Walldorf, 29 March 2021 – Ekotechnika AG (primary market; ISIN: DE000A161234) raises its revenues and earnings forecast for the current financial year 2020/2021 (30 September). In terms of revenues, the company now expects a range of EUR 220-230 million (previously: EUR 190-200 million). Gross profit is forecasted to be in the range of EUR 34-37 million (previously: EUR 30-33 million). The forecast for operating profit (EBIT) is raised to EUR 11-14 million from the previously expected EUR 7-10 million.
The main reasons for the improved business outlook are the overall good industry situation in Russian agriculture, primarily due to the positive price trend for agricultural products, as well as the higher-than-expected demand for agricultural machinery in the Group’s sales regions acquired in 2019. In addition, further automation of internal operations and new administrative processes enable a better and more effective realization of volumes, resulting in the ability to achieve significant growth in sales while maintaining stable personnel expenses.
Contact
Ekotechnika AG // Johann-Jakob-Astor-Str. 49 // 69190 Walldorf // T: +49 (0) 6227 3 58 59 60 // E: [email protected] // www.ekotechnika.de /en
Press / Investor Relations
Fabian Kirchmann, Anna-Lena Mayer // IR.on AG // T: +49 (0) 221 9140 970 // E: [email protected]
29-March-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Ekotechnika AG |
| Johann-Jakob-Astor-Str. 49 | |
| 69190 Walldorf | |
| Germany | |
| Phone: | +49 (0) 6227 3 58 59 60 |
| E-mail: | [email protected] |
| Internet: | www.ekotechnika.de |
| ISIN: | DE000A161234 |
| WKN: | A16123 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich |
| EQS News ID: | 1179312 |
| End of Announcement | DGAP News Service |