Ad hoc announcement Edel SE & Co. KGaA: Higher earnings forecast for fiscal year 2021/22

Hamburg, 23.02.2022 (16:31)

  • Net income (before minority interests) expected to be between EUR 10.0 and 15.0 million

The management of Hamburger Edel SE & Co. KGaA (WKN 564950) today analyzed financial data for the fiscal year 2021/22 ending September 30, 2022.

It now expects that the previously forecast consolidated net income (before minority interests) will actually be between EUR 10.0 and 15.0 million (previous forecast EUR 7.0 to 9.0 million).

This assumption is based on management’s current assessments. The development of the Covid 19 pandemic, inflation and the Russia-Ukraine crisis, the dynamics of which could change the supply or sales side at any time, cannot be fully assessed.

The higher forecast for consolidated net income for the year is the result of a very good performance by almost all business units of Edel SE & Co. KGaA, including the currently successful business of the manufacturing and logistics subsidiary optimal media GmbH and the content areas of Edel Verlagsgruppe GmbH.

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