Management had to release preliminary numbers for 2018 and an outlook for 2019 which are a disaster. While the revenue number of just below €1.70bn (+2.0% reported and +7.3% organic) was reasonable, profits again collapsed and are expected to fall further in the current year. Because of this dismal outlook, it proposes to pay no dividend at all for 2018. While management had projected a margin of 7% for 2018, the preliminary number suggests that it fell to 5.9%. In fact, it was down to 2
20 Feb 2019
Having arrived at the dead-end
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Having arrived at the dead-end
ElringKlinger AG (ZIL2:WBO) | 0 0 (-0.7%) | Mkt Cap: 1,074m
- Published:
20 Feb 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
Management had to release preliminary numbers for 2018 and an outlook for 2019 which are a disaster. While the revenue number of just below €1.70bn (+2.0% reported and +7.3% organic) was reasonable, profits again collapsed and are expected to fall further in the current year. Because of this dismal outlook, it proposes to pay no dividend at all for 2018. While management had projected a margin of 7% for 2018, the preliminary number suggests that it fell to 5.9%. In fact, it was down to 2