PRESS RELEASES & AD-HOC
Edel SE & Co. KGaA: Higher sales and earnings forecast for fiscal 2020/21
Hamburg, 19.03.2021 (18:55 Uhr)
- Net profit (before minority interests) will be between EUR 4.0 and 6.0 million
- Sales will be between EUR 220 and 230 million
The management of Hamburger Edel SE & Co. KGaA (WKN 564950) today analyzed financial data for the 2020/21 fiscal year ending September 30, 2021.
It now expects that the previously forecast consolidated net profit (before minority interests) will actually be between EUR 4.0 million and EUR 6.0 million (previous forecast EUR 2.0 million to EUR 2.4 million). Sales forecast to be slightly below the previous year will also be between EUR 220 and 230 million (previous forecast EUR 207 to 211 million).
These assumptions are based on management’s current estimates. It is still not possible to fully assess the development of the Covid-19 pandemic, the dynamics of which could change the supply or sales side at any time.
The higher forecast for sales and consolidated net profit for the year results, within the diverse business segments of Edel SE & Co. KGaA, mainly results from the currently successful business of the manufacturing and logistics subsidiary optimal media GmbH as well as from the content areas of Edel Germany GmbH, e.g. Edel Kids.
Full provisions of EUR 2.2 million have already been recognized in the first half of 2020/21 for the previously communicated risks arising from tax matters, in particular the question of the extent to which license expenses will be added back for trade tax purposes.