Edition:
India

Friwo Says FY EBIT AT MINUS EUR 15.6 Mln


Thursday, 26 Mar 2020 

March 26 (Reuters) - Friwo AG ::FURTHER BUSINESS DEVELOPMENT IN 2020 IS HEAVILY DEPENDENT ON THE EFFECTS OF THE CORONAVIRUS CRISIS.FY EBIT AT MINUS EUR 15.6 MILLION, INCLUDING EUR 11 MILLION ONE-TIME AND SPECIAL EXPENSES FOR THE TRANSFORMATION.FY GROUP SALES AT EUR 95.8 MILLION • EBIT AT MINUS 15.6 MILLION EUROS.GLOBAL IMPACT OF THE GLOBAL COVID-19 PANDEMIC HAS SO FAR BEEN MODERATE.SYNDICATED LOAN AGREED WITH GERMAN BANKS BY THE END OF 2022.FY EARNINGS AFTER TAXES OF EUR -11.3 MILLION (2018: EUR 5.3 MILLION)..NEW FINANCING CONCEPT PROVIDES FOR NO DIVIDEND PAYMENTS BY THE END OF 2022. 

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