Impact Coatings Q4'19: First comments
Impact Coatings presented their report for the fourth quarter of 2019 this morning; net revenue and EBIT showed few surprises and were in line with estimates. The value of the order backlog for coating machines was EUR 0. 3 million at the end of the quarter (order from Zanini Auto Group excluded). As the order flow continues to be weaker than anticipated we will, on a preliminary basis, lower our short-term sales estimates in our coming update.