Brief: Better Collective A/S - Q1 EBITA Before Special Items Increased 32%

Better Collective A/S

15/05/2020 07:08

May 15 (Reuters) - Better Collective A/S  BETCO.ST :
    * BETTER COLLECTIVE A/S - Q1 REVENUE GREW BY 40% TO 20,921 TEUR (Q1 2019: 14,905 TEUR)
    * BETTER COLLECTIVE A/S - Q1 EBITA BEFORE SPECIAL ITEMS INCREASED 32% TO 8,626 TEUR (Q1
2019:
6,521 TEUR)
    * BETTER COLLECTIVE A/S - TOTAL COST BASE IN Q2 2020 WILL EXPECTEDLY BE REDUCED BY APPROX. 2
MEUR
COMPARED TO Q1 2020
    * BETTER COLLECTIVE A/S - COST SAVINGS PROGRAM IS PLANNED TO RUN THROUGHOUT Q2.
    * BETTER COLLECTIVE A/S - FULL YEAR FINANCIAL TARGETS ARE REITERATED,
    * BETTER COLLECTIVE A/S - FINANCIAL PERFORMANCE IN Q2 2020, ISOLATED, IS EXPECTED TO SHOW
FLAT TO
NEGATIVE REVENUE GROWTH.
    * BETTER COLLECTIVE A/S - OPERATIONAL EARNINGS ARE EXPECTED TO BE POSITIVE, HOWEVER, AT
LOWER
EARNING MARGINS THAN NORMAL.

Source text for Eikon:  ID:nGNETN4J 
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