Edition:
United Kingdom

Deutsche Beteiligungs Announces Lower Guidance For The 2018/2019 Financial Year


Wednesday, 10 Jul 2019 

July 10 (Reuters) - Deutsche Beteiligungs AG ::DGAP-ADHOC: DEUTSCHE BETEILIGUNGS AG: THIRD-QUARTER CONSOLIDATED NET INCOME DOWN CONSIDERABLY YEAR-ON-YEAR - LOWER GUIDANCE FOR THE 2018/2019 FINANCIAL YEAR.DEUTSCHE BETEILIGUNGS- CONSOLIDATED NET INCOME FOR Q3 OF 2018/2019 WILL BE SIGNIFICANTLY LOWER THAN FIGURE FOR SAME QUARTER OF PREVIOUS FINANCIAL YEAR.DEUTSCHE BETEILIGUNGS- IT IS BECOMING APPARENT RELEVANT FIGURE FOR CURRENT REPORTING PERIOD,Q3 OF 2018/2019 - WILL BE LOWER BY AS MUCH AS 50 PER CENT.WITHDRAW GUIDANCE FOR 2018/2019 FINANCIAL YEAR.DEUTSCHE BETEILIGUNGS- CO CURRENTLY PREPARING ITS INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS AT 30 JUNE 2019, TO BE PUBLISHED ON 8 AUGUST 2019.NOW EXPECT 2018/2019 CONSOLIDATED NET INCOME TO BE SIGNIFICANTLY - I.E. MORE THAN 40 PER CENT - LOWER.EXPECT 2018/2019 CONSOLIDATED NET INCOME TO BE POSITIVE.