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Aumann AG, DE000A2DAM03

Aumann AG, DE000A2DAM03

10.07.2019 - 20:57:54

Aumann adjusts sales and earnings forecast

Beelen, 10 July 2019 Aumann AG ("Aumann", ISIN: DE000A2DAM03) has today cautiously reassessed its revenue and earnings expectations for the 2019 financial year. Repeated postponements of orders with significant volumes led to a disappointing order intake of around EUR 85 million in the first half of the year. Against this backdrop, revenues of EUR 240 to 260 million are now expected for the current fiscal year. Adjusted EBIT is forecast at up to EUR 22 million, but may be reduced to EUR 16 million depending on further market developments.  

The main reasons for this development are the decline in vehicle sales and the resulting uncertainty in the automotive industry, which is reflected in a considerable reluctance to invest and cost discipline by manufacturers and suppliers. Aumann expects these factors to continue beyond the current fiscal year, but considers the medium-term trend in e-mobility to be unbroken.

10-Jul-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: Aumann AG Dieselstraße 6 48361 Beelen

Germany Phone: +49 (0) 2586 888-7800 Fax: +49 (0) 2586 888-7805 E-mail: info@aumann.com Internet: www.aumann.com ISIN: DE000A2DAM03 WKN: A2DAM0 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 839589   End of Announcement DGAP News Service

839589  10-Jul-2019 CET/CEST

@ dgap.de