Brief: Bittium Q2 EBITDA Down At EUR 5.6 Mln
06/08/2020 06:07
Aug 6 (Reuters) - Bittium Oyj BITTI.HE :
* Q2 EBITDA WAS EUR 5.6 MILLION (EUR 6.8 MILLION).
* Q2 NET SALES EUR 25.3 MILLION VERSUS EUR 23.6 MILLION YEAR
AGO
* FIRST HALF OF YEAR HAS MATERIALIZED ACCORDING TO OUR PLANS
AND
WE BELIEVE THAT EFFECTS OF CORONAVIRUS PANDEMIC ARE TEMPORARY
AND THAT IN LONG RUN COMPANY HAS EXCELLENT OPPORTUNITIES FOR
INTERNATIONAL GROWTH
* BITTIUM EXPECTS THAT NET SALES IN 2020 WILL GROW FROM
PREVIOUS
YEAR (EUR 75.2 MILLION) AND OPERATING PROFIT WILL BE AT SAME
LEVEL THAN IN PREVIOUS YEAR (6.3 MILLION)
* LEVEL OF OPERATING PROFIT IN 2020 WILL BE IMPACTED BY
INVESTMENTS IN INTERNATIONAL GROWTH AND DEPRECIATIONS OF
RESEARCH AND DEVELOPMENT INVESTMENTS.
* WORLD-WIDE NEW CORONAVIRUS (SARS-COV-2) PANDEMIC
SIGNIFICANTLY
AFFECTS GLOBAL ECONOMY AND MARKET SITUATION. PREVAILING
UNCERTAINTIES IN MARKETS CAUSE WEEK VISIBILITY TO MARKET
SITUATION.
Source text for Eikon: ID:nWkr152x7T
Further company coverage: BITTI.HE
(Gdansk Newsroom)
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