Ekotechnika AG Expects Substantially Lower Sales in FY 2021/22
T-Reuters
Jun 28, 2022
Ekotechnika AG :Dgap-Adhoc: Ekotechnika Ag Presents Revised Forecast For Fy 2021/2022 And Initial Outlook On Fy 2022/2023.Now Projects Fy 2021/22 Sales Revenues Of Between Eur 200 Million And Eur 230 Million.Expects Gross Profit Of Between Eur 45 Million And Eur 65 Million As Well As Earnings Before Interest And Taxes (Ebit) Of Between Eur 20 Million And Eur 30 Million.In First Half Of 2021/2022 (31 March), Sales Revenues Rose By 12% To Approx. Eur 97 Million, With Ebit Standing At Eur 3.9 Million (H1 2020/2021: Eur 4.8 Million).Due To High Volatility Of Ruble Exchange Rate, Currency Effects Remain A Major Factor Of Uncertainty To Revised Forecast.Company Expects Sales Of New Machines In Financial Year 2022/2023 To Be Substantially Lower.
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