STEICO SE Provides Impact of the Corona Crisis; Withdraws Earnings Guidance for 2020
Outlook for 2020 withdrawn: Depending on the type and duration of the activities to contain the corona virus, further negative effects are to be expected. The Board of Directors therefore believes that in 2020 it will not be possible to reach the original outlook with revenue growth of more than 10% and an EBIT ratio around 10% (in terms of total operating revenue). At the present time, the concrete impact of the corona crisis cannot be quantified.