Bastei Lübbe AG receives bonus dividend from Räder GmbH and increases its full-year EBIT forecast
Bastei Lübbe AG / Key word(s): Change in Forecast
Bastei Lübbe AG (ISIN DE000A1X3YY0) is to receive a bonus dividend of € 1.2 million from Räder GmbH in the current fiscal year 2021/2022. It holds 20% of the capital in Räder GmbH, a company specialising in contemporary home accessories and gift articles. This investment income had not yet been included in the previously announced EBIT forecast of € 11 - 12 million for fiscal year 2021/2022.
Christmas trading, which makes a crucial contribution to business performance, has so far been in line with expectations. Accordingly, the Executive Board is confident of achieving the targets that it has forecast for operating business. On the strength of the aforementioned bonus dividend, the company is now raising its EBIT forecast to € 12 - 13 million. However, in view of the unpredictability of the further course of the coronavirus pandemic and the measures taken in response to it, there are still uncertainties regarding possible adverse effects on the Bastei Lübbe Group's earnings between now and the end of the fiscal year on 31 March 2022.
The full quarterly statement as of 31 December 2021 will be published on 10 February 2022
21-Dec-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||Bastei Lübbe AG|
|Schanzenstraße 6 - 20|
|Phone:||02 21 / 82 00 - 0|
|Fax:||02 21 / 82 00 - 1900|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1260686|
|End of Announcement||DGAP News Service|