DGAP-News: Formycon AG / Key word(s): Annual Report/Annual Results
17.05.2021 / 07:30
The issuer is solely responsible for the content of this announcement.
Press Release // May 17, 2021
Formycon Publishes Annual Financial Statements for the 2020 Financial Year
– Group turnover and other earnings total Euro 34.6 million
– Solid liquidity base totaling Euro 49.2 million
– Annual result shaped by scheduled investments in FYB206 and FYB207
Munich – Formycon AG (ISIN: DE000A1EWVY8/ WKN: A1EWVY) has today published its financial performance indicators for 2020 and has recorded a solid financial year.
On the day of reporting, December 31, 2020, the Formycon Group’s commercial figures had developed as forecast. Consolidated group sales which, in addition to the AG, include the two subsidiaries Formycon 201 Project GmbH and Formycon 203 Project GmbH as well as the 24.9 percent share in the FYB 202 GmbH & Co. KG joint venture, amounted, as forecast, to a total of Euro 34.2 million (previous year: Euro 33.2 million).
Group earnings before interest, taxes and depreciation on fixed assets and…
