Ahlers AG Announces Group Earnings Results for the First Half of Fiscal Year 2019; Provides Earnings Guidance for the Full Year 2019
The management board of Ahlers AG confirmed the full-year forecast of a medium single-digit percentage reduction in Group sales revenues that will tend to be slightly below the half-year rate. The management board continues to expect consolidated earnings to improve noticeably in the fiscal year 2018/19, mainly because of reduced one-time effects. Consolidated earnings after taxes are likely to grow at a high double-digit percentage rate but still be negative in 2018/19, which will be a year of transformation. The company aims to return to profit in 2020 when all measures initiated will take effect.