Ahlers withdraws sales and earnings growth forecast amid COVID-19 concerns

The management board of Ahlers Ag has announced withdrawal of the forecast for the fiscal year 2019/20 due to impact of the coronavirus situation on its business. The company said in a statement that major burdens are expected, which will reduce sales revenues and earnings in the current fiscal year. The company added that in the first quarter, EBIT declined 55 percent from 3.3 million euros to 1.5 million euros due to shifts in deliveries.