Brief: B2Holding Q2 Operating Result Swings To Profit Of NOK 245 Million

B2 Impact ASA

20/08/2020 06:10

Aug 20 (Reuters) - B2holding ASA  B2H.OL :
    * B2HOLDING ASA: SECOND QUARTER AND FIRST HALF YEAR 2020
RESULTS
    * Q2 OPERATING PROFIT NOK 245 MILLION VERSUS LOSS NOK 69
MILLION
YEAR AGO
    * Q2 GROSS CASH COLLECTION NOK 1,277 MILLION VERSUS NOK
1,328
MILLION  YEAR AGO
    * Q2 EBITDA NOK 916 MILLION VERSUS NOK 993 MILLION YEAR AGO
    * IMPACT ON COLLECTIONS HAVE BEEN LOWER THAN EXPECTED IN Q2,
WHICH
WAS FIRST FULL QUARTER WITH VISIBLE EFFECTS OF COVID-19 PANDEMIC
    * GOING FORWARD, B2HOLDING EXPECTS THAT INVESTMENT LEVELS
WILL
REMAIN LOW IN Q3 BUT AIM TO RESUME VOLUMES WHEN VISIBILITY
IMPROVES

Source text for Eikon:  ID:nObisq2jta 
Further company coverage:  B2H.OL 

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