Brief: Arbonia Announces 2020 Outlook

Arbonia AG

09/12/2020 05:57

Dec 9 (Reuters) - ARBONIA AG  ARBNO.S :
    * OUTLOOK ON THE 2020 FULL YEAR RESULTS
    * REVENUE FOR FULL YEAR OF 2020 IS PREDICTED TO GROW
ORGANICALLY
BY > 1% BUT TO DECREASE BY AROUND 2% IN SWISS FRANCS.
    * CONSEQUENTLY, ARBONIA EXPECTS AN EBITDA MARGIN OF
APPROXIMATELY
11% FOR FINANCIAL YEAR 2020; THIS CORRESPONDS TO AN EBITDA IN
ORDER OF CHF 150 MILLION
    * IF THIS IS CASE, EBIT, FREE CASH FLOW AND NET PROFIT WILL
INCREASE DISPROPORTIONATELY.
    * ARBONIA WILL PROBABLY ONLY BE ABLE TO PARTIALLY MAKE UP
FOR
-6.3% DECLINE IN SALES IN SWISS FRANCS IN FIRST HALF-YEAR CAUSED
BY COVID-19
    * EXPECTS MARKET ENVIRONMENT TO REMAIN POSITIVE IN COMING
FINANCIAL YEAR 2021
    * ARBONIA WILL PROVIDE INFORMATION ON DETAILED GROUP RESULT
2020
AND OUTLOOK FOR FINANCIAL YEAR OF 2021 ON TUESDAY, 2 MARCH 2021

Source text for Eikon:  ID:nEQ6fH4rRa 
Further company coverage:  ARBNO.S 

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