Deutsche Beteiligungs AG Provides Earnings Guidance for the Third Quarter and Nine Months Ended June 30, 2020 and Fiscal Year 2020
July 27, 2020 at 10:16 am EDT
Deutsche Beteiligungs AG provided earnings guidance for the third quarter and nine months ended June 30, 2020 and year 2020. The company expects to post a quarterly result of approximately €52 million for the third quarter of the 2019/2020 financial year (1 April to 30 June 2020), clearly exceeding the figure for the third quarter of the 2018/2019 financial year (€5.0 million).
Net income for the first nine months of the financial year is expected to be around -€25 million (previous year: €12.6 million), and will thus show a significant improvement compared to the forecast for the 2019/2020 financial year.
DBAG expects results for the current fourth quarter of the 2019/2020 financial year to be influenced by negative and positive effects alike. DBAG expects to close the 2019/2020 financial year continues to anticipate negative net income for the full year, between €25 and €5 million.