Verianos SE - Earnings Release 2020

News Details

Ad-hoc | 30 October 2020 14:00

VERIANOS adjusts earnings forecast for fiscal year 2020

VERIANOS SE / Key word(s): Change in Forecast/Half Year Results

VERIANOS adjusts earnings forecast for fiscal year 2020

30-Oct-2020 / 14:00 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.

VERIANOS adjusts earnings forecast for fiscal year 2020

Cologne/Frankfurt am Main, 30 October 2020 – VERIANOS SE has adjusted its forecast for the consolidated net income estimate and now expects a significantly reduced result for the year 2020 compared to 2019 due to delays in some sales activities caused by the ongoing COVID-19 pandemic. Previously, the company had expected a significant improvement in net income for 2020, assuming a rapidly stabilising environment until the end of 2020, as well as scheduled income from investments and management fees from the sale of properties. In the fiscal year 2019, consolidated net income amounted to EUR -0.751 million. Due to the high uncertainty of the development of the pandemic, the ability to make forecasts remains very limited.

In response to the effects of the COVID-19 pandemic, corporate measures were taken to ensure operational capacity to act. In addition, measures were implemented to ensure liquidity, including KFW financing, which is available for drawing since July 2020.

Furthermore, VERIANOS SE published the consolidated interim report for the first half of 2020 today. In the first six months of 2020, consolidated net income was EUR -2.4 million (H1 2019: EUR -1.8 million). Consolidated equity as of June 30, 2020, was EUR 15.4 million (June 30, 2019: EUR 16.4 million), while the equity ratio remained stable at 55.0% (June 30, 2019: 55.1%).

The consolidated interim report for the period from January 1 to June 30, 2020 is available at https://www.verianos.com/en/investor-relations/ .

This publication constitutes neither an offer to sell nor an invitation to buy securities.

Contact:

VERIANOS SE

Investor Relations – Tobias Bodamer

T +49 69 69 768 88 100

Mail: [email protected]

30-Oct-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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Language:	English
Company:	VERIANOS SE
	Gürzenichstraße 21
	50667 Cologne
	Germany
Phone:	+49 221 20046100
Fax:	+49 221 20046140
E-mail:	[email protected]
Internet:	www.verianos.com
ISIN:	DE000A0Z2Y48
WKN:	A0Z2Y4
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Stuttgart
EQS News ID:	1144333