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Viscom AG: Adjustment of annual forecast for the 2020 financial year

·2-min read

Viscom AG / Key word(s): Change in Forecast/Profit Warning
Viscom AG: Adjustment of annual forecast for the 2020 financial year

03-Nov-2020 / 13:02 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.

Viscom AG: Adjustment of annual forecast for the 2020 financial year

Hanover, 3rd November 2020 - The effects of the ongoing COVID-19 pandemic on the business activity of Viscom AG (ISIN DE0007846867), especially in the automotive sector, have resulted in the Executive Board adjusting the annual forecast last confirmed in Viscom AG's consolidated interim report. Viscom AG now expects consolidated revenue of between € 59 million and € 65 million for the 2020 financial year (previous forecast: € 65 million to € 80 million). The EBIT-Margin for the 2020 financial year is likely to be between -11.9 % and -7.7 % (previous forecast: between -7.7 % and +2.5 %), with EBIT of between € -7.0 million and € -5.0 million (previous forecast: between € -5.0 million and € +2.0 million). The economic disruption caused by the pandemic is severely affecting the ability to make predictions and is thus resulting in considerable forecast uncertainty.




Contact:
Viscom AG
Investor Relations
Anna Borkowski
Carl-Buderus-Str. 9-15
30455 Hannover
Tel.: +49-511-94996-861
Fax: +49-511-94996-555
investor.relations@viscom.de

03-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Viscom AG

Carl-Buderus-Strasse 9-15

30455 Hannover

Germany

Phone:

+49 (0) 511 94 996 861

Fax:

+49 (0) 511 94 996 555

E-mail:

investor.relations@viscom.de

Internet:

www.viscom.de

ISIN:

DE0007846867

WKN:

784686

Listed:

Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1145065


 

End of Announcement

DGAP News Service

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