Brief: Brunel International Q1 EBIT Down At 8 Million Euros

Brunel International NV

30/04/2020 06:47

April 30 (Reuters) - BRUNEL INTERNATIONAL NV  BRUN.AS :
    * REVENUE EXCLUDING BIS UP 6% (YOY) TO EUR 257 MILLION OVER
QUARTER
    * Q1 EBIT EXCLUDING BIS DOWN BY 28% (YOY) TO EUR 8 MILLION,
MAINLY
DUE TO DECREASE IN DACH REGION
    * ON CORONAVIRUS: IMPACT OF COVID-19 ON Q1 RESULTS LIMITED,
MORE
IMPACT IN Q2
    * ON CORONAVIRUS: STRONG FINANCIAL POSITION, CASH AND
BORROWING
CAPACITY, ENABLING BRUNEL TO COPE WITH CURRENT CRISIS
    * FORESEE REVENUE DECLINE IN COMING QUARTERS AND CHALLENGING
ECONOMIC CONDITIONS IN MOST OF OUR REGIONS AND INDUSTRIES
    * Q2 IS ALWAYS OUR WEAKEST QUARTER DUE TO SEASONALITY, AND
WILL
SIGNIFICANTLY BE AFFECTED BY IMPACT OF COVID-19
    * NET CASH POSITION ONLY DECREASED TO EUR 87 MILLION AT 31
MARCH
2020 (31 DECEMBER 2019: EUR 92 MILLION)

Source text for Eikon:  ID:nGNE7636QL 
Further company coverage:  BRUN.AS 

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