ERNST RUSS AG (FRA:DE000A16) Ernst Russ AG raises forecast for fiscal year 2021

Directive transparence : information réglementée

22/10/2021 18:19

DGAP-Ad-hoc: Ernst Russ AG / Key word(s): Change in Forecast
Ernst Russ AG raises forecast for fiscal year 2021

22-Oct-2021 / 18:19 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Hamburg, 22 October 2021: Executive and Supervisory Board of Ernst Russ AG (ISIN DE000A161077) have resolved today to sell the multipurpose vessel MS "Lotta Auerbach" with a capacity of 12,744 dwt, which was built in 2007, to a third party. The Ernst Russ Group holds a 51% stake in the MS "Lotta Auerbach" shipping company. The vessel is scheduled for delivery in December 2021. The parties have agreed not to disclose further details of the transaction.

The transaction will result in a gain on disposal of EUR 5.2 million in the consolidated financial statements of Ernst Russ AG. Against this backdrop, the Executive Board of Ernst Russ AG can today raise its previous forecast to the effect that an EBIT of between EUR 30 and 32 million (previously: range between EUR 24 and 26 million) is now expected for the full year 2021. The expectations with regard to all other forecast key figures have not changed.


Ernst Russ AG
Anika Hillmer
Investor Relations
Tel. +49 40 88 88 1 1800
E-Mail: ir@ernst-russ.de

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Language: English
Company: Ernst Russ AG
Elbchaussee 370
22609 Hamburg
Phone: +49 (0)40 88881-0
Fax: +49 (0)40 88881-199
E-mail: ir@ernst-russ.de
Internet: www.ernst-russ.de
ISIN: DE000A161077
WKN: A16107
Listed: Regulated Unofficial Market in Frankfurt (Scale), Hamburg, Tradegate Exchange
EQS News ID: 1242983

End of Announcement DGAP News Service

1242983  22-Oct-2021 CET/CEST