DGAP-News: Deufol SE: Half-year result - Deufol defies economic slowdown in industrial manufacturing and engineering
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DGAP-News: Deufol SE / Key word(s): Half Year Results/Interim Report PRESS RELEASE
Hofheim am Taunus, August 16, 2019
Half-year result - Deufol defies economic slowdown in industrial manufacturing and engineering Weak rates of growth in industrial production and a significant slowdown in the German manufacturing and engineering sector have influenced Deufol's development and performance in 2019. Despite these challenging economic circumstances, Deufol continued focusing on the digitalization and optimization of processes as well as extending its services across all supply chain challenges of our customers. First deliverables resulting from economies of scale and standardization of services are already visible in the Deufol world. Gaining further market shares in a currently shrinking market verifies the accuracy of our strategy. We are confident that Deufol will be able to lift the full potential of this strategy when economic conditions will stabilize and normalize again. Following this development, these are the results for the first half 2019: Significantly increased result for the period The operative result (EBITA) amounted to EUR 3.1 million, which is approx. 21% below prior year (EUR 3.9 million). Despite challenging economic circumstances, Deufol was able to stabilize its operational profitability. Main reason for the decreasing operational result in 2019 were the one-off transactions already mentioned above, which led to higher margins in 2018. The result for the period increased to EUR 2.0 million after EUR 1.6 million in prior year. After deduction of the earnings of noncontrolling interests, the net profit raised to EUR 2.0 million for the Shareholders of Deufol SE, after EUR 1.6 million in prior year's period. This is an increase of nearly 25% compared to the first six months of 2018. The earnings per share are at EUR 0.047 for the first six months of 2019 (prior year EUR 0.035).
Outlook - Achieving original planning will be challenging The mid-term report is also available under https://www.deufol.com. About the Deufol Group: Deufol SE Claudia Ludwig Johannes-Gutenberg-Strasse 3-5 65719 Hofheim (Wallau) Tel.: +49 (6122) 50 1228 E-mail: [email protected]
16.08.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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