Preliminary 2018 Elringklinger AG Earnings Call Transcript
Well, thank you very much. Good morning, ladies and gentlemen. Thank you for joining us this morning for our conference call. Let me start with the headlines for the fiscal year 2018, respectively, also for the fourth quarter. The strong organic growth slowed down a little bit. Nevertheless, we ended the fiscal year with the sales plus of 2%. That's related to 2018. The group sales stood at EUR 1,697,000,000 in the full year. And they're up EUR 429.8 million in Q4. As expected, EBIT, pre-PPA was down versus the prior year. Earnings were affected by numerous internal and external factors. We come to that later in this call. And came finally in at EUR 100.3 million. That corresponds to an EBIT margin pre-PPA of 5.9%, which is below our originally targeted margin of around 7%.
On basis of these preliminary figures, we, the whole management board, suggest to suspend the dividend for the fiscal year 2018, and I expressly say, once again for the fiscal year 2018.
Mr. Jessulat, my colleague on the management board, our
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