March 9, 2020 / 2:12 PM / in 3 months

BRIEF-Einhell Germany FY Earnings Before Tax Down At EUR 32.5 Mln

March 9 (Reuters) - EINHELL GERMANY AG:

* FY REVENUES OF EUR 605.7 MILLION IN COMPARISON WITH PREVIOUS YEAR OF EUR 577.9 MILLION

* FY EARNINGS BEFORE TAX OF EUR 32.5 MILLION (PREVIOUS YEAR EUR 36.0 MILLION

* FOR 2020, EINHELL-GROUP ASSUMES INCREASE IN TURNOVER TO AROUND EUR 610 MILLION AND PROFITABILITY BEFORE TAXES OF AROUND 5.5%

* TO PROPOSE A DIVIDEND OF EUR 1.40 PER PREFERRED SHARE AND EUR 1.34 PER COMMON SHARE

* 2020 FORECAST IS BASED ON ASSUMPTION OF NORMAL CONSUMER BEHAVIOR AND THAT CORONA VIRUS HAS NO MAJOR IMPACT ON BUSINESS OF CO

* FOR Q1 OF 2020, WE DO NOT EXPECT ANY NEGATIVE EFFECTS DUE TO CORONA VIRUS Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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