DGAP-Adhoc: AKASOL AG: Adjustment of the forecast for 2019

2019. november 01., péntek, 11:06

DGAP-Ad-hoc: AKASOL AG / Key word(s): Change in Forecast

AKASOL AG: Adjustment of the forecast for 2019

01-Nov-2019 / 11:06 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.

AKASOL AG: Adjustment of the forecast for 2019

Darmstadt, November 1, 2019 - The Management Board of AKASOL AG ("AKASOL"; ISIN DE000A2JNWZ9) today adjusted its forecast for the Financial Year 2019 and now expects revenues between EUR 43 and 46 million.

Based on the customer forecasts for 2019, the Management Board originally assumed revenues of at least EUR 60 million and a positive EBIT margin of at least 7%. As a result of the lower revenue volume, a negative EBIT in the low single-digit million euro range is expected for the current Financial Year from today"s perspective. The reasons for adjusting the forecast are, on the one hand, the postponement of a serial customer"s orders for battery systems for electric buses from 2019 to 2020. On the other hand, the vehicle sales figures of another major customer for 2019 are lower than initially forecast, so that the volume of battery systems to be supplied by AKASOL is also reduced accordingly. AKASOL AG"s order backlog remains stable at around EUR 2 billion. AKASOL AG will publish the detailed results for the first nine months of 2019 in its interim report on November 25, 2019.

< End of ad-hoc announcement >




Isabel Heinen

Phone: +49 6151 800500-193

E-mail: isabel.heinen@akasol.com


01-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: AKASOL AG

Landwehrstrasse 55

64293 Darmstadt

Phone: +49 6151/800 500
E-mail: info@akasol.com
Internet: www.akasol.com
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 902605

End of Announcement DGAP News Service

902605  01-Nov-2019 CET/CEST

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