Brief: Adval Tech Holding H1 Net Profit Down At CHF 48,000

Adval Tech Holding AG

21/08/2020 06:02

Aug 21 (Reuters) - Adval Tech Holding AG  ADVN.S :
    * H1 EBITDA OF CHF 4.4 MILLION (1H 2019: CHF 10.4 MILLION)
    * POSTED TOTAL INCOME OF CHF 61.5 MILLION IN FIRST HALF OF
2020
(1H 2019: CHF 96.5 MILLION)
    * H1 AN EBIT OF CHF 1.3 MILLION (1H 2019: CHF 6.3 MILLION)
    * H1 NET PROFIT OF CHF 48,000 (1H 2019: CHF 4.2 MILLION)
    * COMPANY CANNOT RULE OUT NEED FOR A RESTRUCTURING PROGRAMME
AND
JOB LOSSES IN SECOND HALF OF 2020.
    * IS NOT GIVING SPECIFIC GUIDANCE ON TOTAL INCOME AND EBIT
IN 2020
FINANCIAL STATEMENT.

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