H&R GMBH & CO. KGAA (FRA:DE000A2E) H&R GmbH & Co. KGaA: H&R KGaA expects to exceed the most recently published full-year forecast

Transparency directive : regulatory news

09/12/2020 14:44

DGAP-Ad-hoc: H&R GmbH & Co. KGaA / Key word(s): Annual Results/Change in Forecast
H&R GmbH & Co. KGaA: H&R KGaA expects to exceed the most recently published full-year forecast

09-Dec-2020 / 14:44 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.


Insider information pursuant to Article 17 of the Market Abuse Regulation [MAR]


H&R GmbH & Co. KGaA: H&R KGaA expects to exceed the most recently published full-year forecast

Salzbergen, Germany, December 9, 2020. H&R GmbH & Co. KGaA (short: H&R KGaA; ISIN DE000A2E4T77) is today adjusting its EBITDA forecast for the 2020 financial year upwards. The operating profit for the year (EBITDA - consolidated earnings before taxes on income and earnings, other financing income and expenses as well as depreciation and impairment and write-ups on intangible assets and property, plant and equipment), which was last estimated on November 13, 2020 at "up to EUR 45.0 million" will - according to the current state of knowledge - be exceeded by more than 10 percent. Henceforth, the management expects operating earnings of up to EUR 53.0 million for the current financial year.

This positive development can mainly be attributed to the continuation of the recovery in sales volumes that began in the summer and continued towards the end of the year. In addition, the management does not expect any additional burdens from the corona pandemic or related measures on the business development of H&R KGaA for the rest of the year.

Contact:
H&R GmbH & Co. KGaA, Head of Investor Relations / Communication, Ties Kaiser
Neuenkirchener Straße 8, 48499 Salzbergen
Phone.: +49 40 43218-321, Fax: +49 40 43218-390
Mail: ties.kaiser@hur.com
www.hur.com

H&R GmbH & Co. KGaA:
H&R KGaA is a specialty-chemicals company listed on the Frankfurt Stock Exchange's Prime Standard segment. It develops and manufactures crude-oil-based chemical and pharmaceutical specialty products and produces high-precision plastic parts.

Forward-looking statements and forecasts:
This insider information pursuant to Article 17 of the Market Abuse Regulation [MAR] contains forward-looking statements. The statements are based on the current estimates and forecasts by the Management Team and the information available to it at this time. These forward-looking statements do not provide any warranty for the future developments and results contained therein. The future developments and results are dependent on a number of factors; they entail various risks and contingencies and are based on assumptions which could prove to be incorrect. We do not assume any responsibility for updating the forward-looking statements contained in this insider information pursuant to Article 17 of the MAR.


09-Dec-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: H&R GmbH & Co. KGaA
Neuenkirchener Str. 8
48499 Salzbergen
Germany
Phone: +49 (0)40 43 218 321
Fax: +49 (0)40 43 218 390
E-mail: investor.relations@hur.com
Internet: www.hur.com
ISIN: DE000A2E4T77
WKN: A2E4T7
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1153966

 
End of Announcement DGAP News Service

1153966  09-Dec-2020 CET/CEST

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