Brief: B2holding ASA - Q1 Operating Profit Of Nok 255 Million

B2 Impact ASA

07/05/2020 06:08

May 7 (Reuters) - B2holding ASA  B2H.OL :
    * B2HOLDING ASA - Q1 OPERATING PROFIT OF NOK 255 MILLION (350) - DOWN 27% Y-O-Y
    * B2HOLDING ASA - Q1 CASH EBITDA OF NOK 966 MILLION (964) - 0% Y-O-Y
    * B2HOLDING ASA - EXPECTS MACROECONOMIC ENVIRONMENT TO WORSEN DUE TO COVID-19 PANDEMIC
    * B2HOLDING ASA - COLLECTIONS ARE EXPECTED TO BE REDUCED IN SHORT TO MID-TERM
    * B2HOLDING ASA - WILL FOCUS ON IMPROVING EFFICIENCIES COMBINED WITH TARGETED COST
REDUCTIONS AS A
RESPONSE TO COVID-19 PANDEMIC
    * B2HOLDING ASA - COST REDUCTIONS AMOUNT TO APPROXIMATELY NOK 20 MILLION PER MONTH STARTING
FROM
APRIL

Source text for Eikon:  ID:nObiGmZG8a 
Further company coverage:  B2H.OL 

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