Brief: Arbonia Q1 EBITDA Up 12.6% At CHF 22.5 Mln

Arbonia AG

09/04/2020 06:09

April 9 (Reuters) - ARBONIA AG  ARBNO.S :
    * WILL ALSO BE AFFECTED BY IN 2020 FINANCIAL YEAR BY
COVID-19
PANDEMIC
    * Q1 NET REVENUES DECREASED BY 2.0% TO CHF 326.2 MILLION
    * Q1 EBITDA ROSE BY 12.6% TO CHF 22.5 MILLION COMPARED TO
PREVIOUS
YEAR
    * ESTIMATES FOR COMING YEAR SINCE RELEASE OF RESULTS FOR
FULL YEAR
2019 IN FEBRUARY 2020 HAVE CHANGED NEGATIVELY DUE TO COVID-19
PANDEMIC
    * HAS DECIDED TO SUSPEND GUIDANCE FOR CURRENT FINANCIAL YEAR
AT
MOMENT
    * ASSUMES THAT OPERATING ACTIVITIES WILL BE RESTRICTED IN Q2
OF
2020 DUE TO A DECREASE IN DEMAND AND PROBLEMS IN PROCUREMENT AND
LOGISTICS
    * RESERVES RIGHT TO DECIDE AT ITS ORDINARY MEETING ON APRIL
24,
2020, WHETHER TO PROPOSE DIVIDEND OF CHF 0.22 PER REGISTERED
SHARE FOR FY 2019 TO AGM AS PLANNED OR TO POSTPONE THIS DIVIDEND
UNTIL FURTHER NOTICE

Source text for Eikon:  ID:nTENor1pya 
Further company coverage:  ARBNO.S 

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