Aumann AG

Earnings Release • Jul 10, 2019

News Details

Ad-hoc | 10 July 2019 20:55

Aumann adjusts sales and earnings forecast

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.

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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.

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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