Emailed from / found at: Erste Group Research (BSN note: scrolling text in the original of the sender, title (always) and images (often) by boerse-social.com from the photaq.com photo archive)
From Erste Group’s Equity Weekly: Zumtobel surprised this week with a positive profit warning for the current FY 2020/21. While the sales expectations have been specified at EUR 1.03-1.04 billion (previously: around EUR 1 billion), the Management Board now expects adjusted EBIT of EUR 36 – 43 million (previously: around EUR 28 million). At EUR 24 – 34 million, the annual result should even be significantly higher than the previous year (EUR 14.5 million) due to lower restructuring costs and a positive effect from income taxes.
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Inbox Analysten Zumtobels EBIT guidance points robust margin development