Brief: Brunel International Q3 EBIT Up At 10 Million Euros

Brunel International NV

30/10/2020 06:42

Oct 30 (Reuters) - BRUNEL INTERNATIONAL NV  BRUN.AS :
    * Q3 2020: STRONG PROFITABILITY AND CASH FLOW DRIVEN BY
OPERATIONAL DISCIPLINE
    * CONTINUED COST SAVINGS AND OPERATIONAL DISCIPLINE PROVE
AGILITY
AND ADAPTABILITY OF BUSINESS MODEL
    * Q3 EBIT SHOWED STRONG INCREASE TO EUR 10 MILLION AS COSTS
SAVINGS (24%) EXCEEDED GROSS PROFIT DECLINE (-15%)
    * Q3 REVENUE DOWN 16% YOY EXCLUDING FX IMPACT
    * END-Q3 STRONG CASH FLOW GENERATION LEADS TO CASH POSITION
OF EUR
130 MILLION
    * STRONG CASH FLOW GENERATION LEADS TO CASH POSITION OF EUR
130
MILLION
    * AT MOMENT, HEADCOUNT IN DACH AND NETHERLANDS IS PRETTY
STABLE,
AND WE EXPECT NORMAL SEASONAL PATTERN IN REMAINDER OF Q4
    * FOR ALL OTHER REGIONS, WE ARE STILL HINDERED BY TRAVEL
RESTRICTIONS.
    * IN LINE WITH OUR NORMAL SEASONALITY, REVENUE AND
PROFITABILITY
IN Q4 WILL BE LOWER THAN IN Q3.
    * Q3 REVENUE EUR 209.6 MILLION VERSUS EUR 259.7 MILLION YEAR
AGO
    * INCREASING NUMBER OF COVID19 CASES IN MANY REGIONS , WILL
DELAY
START AND CONTRIBUTION OF NEW PROJECTS WE HAVE SECURED

Source text for Eikon:  ID:nGNEBJ5BL 
Further company coverage:  BRUN.AS 

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