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DGAP-Ad-hoc: Ernst Russ AG / Key word(s): Change in Forecast/Preliminary Results In today's ad-hoc release, the preliminary and unaudited operating earnings of Ernst Russ AG for the first half of 2021 were stated as approximately EUR 8.5 billion instead of EUR 8.5 million due to an orthographic mistake. Against the backdrop of the ongoing positive development of the shipping markets and the largely secured employment situation of the fleet of Ernst Russ group for the fiscal year 2021, the management board of Ernst Russ AG can on this base today specify its forecast to the effect that for the full year 2021, revenue is now expected to be in a range of EUR 85 to 90 million (previously: significant increase compared to the previous year) and operating earnings between EUR 24 and 26 million (previously: significant increase compared to the previous year). The forecast is based, among other things, on the assumptions that the charter markets will continue to develop stably, that the technical availability of the Ernst Russ fleet will be as planned in the amount of approximately 98 % and on the assumption of an average exchange rate of 1.20 USD/EUR. The final business figures for the first half-year of 2021 will be published as planned on 6 September 2021. Contact:
20-Aug-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Ernst Russ AG |
| Elbchaussee 370 | |
| 22609 Hamburg | |
| Germany | |
| 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: | 1228003 |
| End of Announcement | DGAP News Service |
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1228003 20-Aug-2021 CET/CEST
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