EDAG Engineering Group AG Provides Financial Guidance for the Fourth Quarter and Full Year of 2020
November 12, 2020 at 04:00 am EST
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EDAG Engineering Group AG provided financial guidance for the fourth quarter and full year of 2020. For 2020, due to the continued extraordinary and extremely high dynamics and uncertainties, it had maintained the outlook mainly as stated during the last call. Overall, it expects a decline in sales and earnings for the financial year 2020 compared to the previous year, which is in the worst case, can have a material impact on the earnings situation.
On the basis of the negative earnings after tax at September 30, 2020, and the year-on-year decline in order intake as well as the restructuring expenses to be taken into account in the fourth quarter, it cannot be assumed that the accumulated loss after taxes can be compensated during the fourth quarter.
Galderma Group AG is a Switzerland based holding Company, specializing in dermatological treatments and skin care products. The Company, throw its subsidiaries, operates of portfolio a various self-care brands focusing primarily on dermatological solutions, through its subsidiaries. Products within the portfolio include neuromodulators, fillers, and biostimulators. These products are designed to relax wrinkles via injects, fill wrinkles in a specific location via injection and stimulate the body's cells to function optimally. The production process, for the various products primarily takes place in house, from research and development to manufacturing. In addition, other value adding platforms, including education, scientific engagements, and other services are offered.