PVA TePla maintains course of growth in 2019, Medium-term growth track intact, 2020 performance dominated by uncertainty over COVID-19 situation
The PVA TePla AG Management Board had originally expected consolidated sales revenues and EBITDA to continue their growth in the current fiscal year 2020. Given the current situation regarding the spread of COVID-19 and the high degree of uncertainty and operational challenges that this entails, it now assumes - based on current knowledge - that there will be substantial project delays, at least in the first and second quarters of 2020. The health of our employees is a major concern. Extensive precautions have been taken to avoid the risk of infection at all of the PVA TePla sites. At present, a serious estimate of the overall financial impact of the Corona crisis on the current business is characterized by uncertainties.
In the medium-term, the course of growth and further growth prospects remain robust and intact.
The audited consolidated annual statements for 2019 will be published on March 26, 2020, and can be downloaded from the company's website www.pvatepla.com from that date.
For further information, please contact:
Dr. Gert Fisahn Investor Relations PVA TePla AG Phone: +49(0)641/68690-400 firstname.lastname@example.org www.pvatepla.com
26.03.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: PVA TePla AG Im Westpark 10-12 35435 Wettenberg
Germany Phone: 0641/686900 Fax: 0641/68690800 E-mail: email@example.com Internet: www.pvatepla.com ISIN: DE0007461006 WKN: 746100 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1007363 End of News DGAP News Service