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Aumann Expects Slight Growth For 2019 And Strong Double-Digit Revenue Growth In Medium Term


Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Aumann AG ::DGAP-NEWS: AUMANN AG: AFTER RECORD RESULTS IN 2018, AUMANN EXPECTS SLIGHT GROWTH FOR 2019 AND STRONG DOUBLE-DIGIT REVENUE GROWTH IN THE MEDIUM TERM.ORDER INTAKE IN Q4 WAS STRONGEST IN 2018 AND REACHED EUR 86.8 MILLION.GREW BY 38.2% AND ACHIEVED RECORD REVENUES OF EUR290.8 MILLION IN 2018, ACCORDING TO PRELIMINARY FIGURES FOR 2018.ADJUSTED EBIT GREW BY 39.5% IN 2018, ACHIEVING A RECORD LEVEL OF EUR 29.3 MILLION.EXPECTS REVENUE AND EBIT IN 2019 TO RISE SLIGHTLY YEAR-ON-YEAR.PLANNING CLEAR DOUBLE-DIGIT GROWTH RATES ON AVERAGE IN NEXT FIVE YEARS.GROWING POLITICAL AND ECONOMIC UNCERTAINTY, ESPECIALLY IN AUTOMOTIVE INDUSTRY, MAKE IT DIFFICULT TO FORECAST CURRENT FINANCIAL YEAR PRECISELY.MANAGEMENT EXPECTS REVENUE AND EBIT IN 2019 TO RISE SLIGHTLY YEAR-ON-YEAR.GROWTH CURVE IN CLASSIC SEGMENT IS EXPECTED TO BECOME FLATTER.PLANNING CLEAR DOUBLE-DIGIT GROWTH RATES ON AVERAGE IN NEXT FIVE YEARS.WITH EQUITY RATIO OF MORE THAN 55.0% AND CASH OF EUR 116.5 MILLION AT END OF 2018, CO HAS PLENTY RESOURCES FOR FURTHER ORGANIC GROWTH AND POTENTIAL ACQUISITIONS. 

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