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DGAP-Adhoc: AlzChem Group AG slightly adjusts sales forecast for fiscal year 2019, but confirms earnings forecast

eqs_en 
0 0 08.11.19
DGAP-Adhoc: AlzChem Group AG slightly adjusts sales forecast for fiscal year 2019, but confirms earnings forecast
 

DGAP-Ad-hoc: AlzChem Group AG / Key word(s): Change in Forecast
AlzChem Group AG slightly adjusts sales forecast for fiscal year 2019, but confirms earnings forecast

08-Nov-2019 / 14:34 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

AlzChem Group AG slightly adjusts sales forecast for fiscal year 2019, but confirms earnings forecast

Trostberg, November 8, 2019 - In view of an increasingly challenging economic environment, AlzChem Group AG slightly adjusts its sales forecast for fiscal year 2019. The company now expects to generate sales of EUR 375 - 385 million (compared to EUR 389.9 - 398.9 million previously forecast). Sales in 2019 are thus expected to reach or slightly exceed the previous year's level of EUR 375.2 million.

The main reason for the expected sales development is the continuing weakness of the automotive sector and the solar industry, which will be particularly evident for AlzChem in the fourth quarter. In the automotive sector, AlzChem is particularly affected by the lower demand for steel and steel derivatives. Deliveries from Custom Manufacturing were also weaker. In addition, deliveries to the solar market are recovering more slowly than previously assumed.

Irrespective of the slightly adjusted sales forecast, the company confirms the earnings forecast made for fiscal year 2019. Adjusted EBITDA (2018: EUR 49.4 million) will thus remain within a range of EUR 46.5 - 51.9 million.

08-Nov-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: AlzChem Group AG
Dr.-Albert-Frank-Str. 32
83308 Trostberg
Germany
Phone: +498621862888
Fax: +49862186502888
E-mail: [email protected]
Internet: www.alzchem.com
ISIN: DE000A2YNT30
WKN: A2YNT3
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Stuttgart
EQS News ID: 908657

 
End of Announcement DGAP News Service

908657  08-Nov-2019 CET/CEST

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AlzChem Group AG Stock

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EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




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