DATRON has accompanied news of 23% lower EBIT in H119 with a full-year profit warning. While the former was not unexpected, given a bumper comparative, previous guidance that profit would be H2-oriented may no longer be the case owing to worsening conditions (estimated industry order intake down 17% for 2019) and order delays in DATRON’s key domestic and US markets. Management now expects 2019 revenue of c €55m vs its May 2019 guidance of €60m and EBIT between €4m an
16 Sep 2019
Datron - Fighting its corner
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Datron - Fighting its corner
Datron AG (DAR:ETR) | 0 0 0.8% | Mkt Cap: 53.2m
- Published:
16 Sep 2019 -
Author:
Richard Finch -
Pages:
3
DATRON has accompanied news of 23% lower EBIT in H119 with a full-year profit warning. While the former was not unexpected, given a bumper comparative, previous guidance that profit would be H2-oriented may no longer be the case owing to worsening conditions (estimated industry order intake down 17% for 2019) and order delays in DATRON’s key domestic and US markets. Management now expects 2019 revenue of c €55m vs its May 2019 guidance of €60m and EBIT between €4m an