Ahlers expects lower full year sales but improved earnings

Ahlers has adjusted the revenue and earnings forecast for the full fiscal year 2020/21. The company said in a release that the course of the Covid-19 pandemic led to more extensive and longer-lasting Europe-wide containment measures in the second quarter than originally assumed. As a result, the company expects the lockdown-related revenue shortfall of the first six months unlikely to be largely offset in the second half of the fiscal.