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STS Group AG / Key word(s): Profit Warning/Forecast
STS Group AG: Adjusted revenues and earnings expectations for 2019 / increase in revenues and earnings in Q2 2019 compared to Q1 2019
Hallbergmoos/Munich, August 2, 2019. STS Group AG (ISIN: DE000A1TNU68), which is listed in the Prime Standard of the Frankfurt Stock Exchange, adjusts its forecast for the 2019 fiscal year to the continued challenging market environment in Europe and China in the second half of 2019. As a result, management expects a decline in revenues of between 4.5-9.5% (original guidance: revenues at prior year's level of around 400 mEUR) and an adjusted EBITDA margin between 4.6 and 5.3% (original guidance: adjusted EBITDA at previous year's level of around 23.7 mEUR, corresponding to an EBITDA-margin of around 5.9%) for the current financial year.
Positive revenue and earnings development in the second quarter of 2019
Positive expectations due to good order situation in the first half of the year
STS Group will publish the complete report on the first half of 2019 on August 7, 2019, and will hold a conference call for interested investors and press representatives on that day ( starting from 2 p.m.).
|Company:||STS Group AG|
|Phone:||+49 (0)811 124494 0|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||851363|
|End of Announcement||DGAP News Service|