Viscom Ag Provides Earnings Guidance for the Fiscal 2020
April 09, 2020 at 02:00 am EDT
Viscom AG provided earnings guidance for the fiscal 2020. The forecast for the current year is subject to a great deal of uncertainty. The development of incoming orders and revenue in 2020 will largely depend on the overall economic situation, particularly in the automotive industry, and how things proceed in terms of the coronavirus crisis. Viscom anticipates budgeted revenue and incoming orders of €65 to €80 million in 2020. LBIT of between €5.0 million and EBIT of €2.0 million. Viscom expects to see a sharp economic downturn this year with catch-up effects on the customer side. The company believes it is well positioned to return to sustainable and profitable growth following the crisis.