Brief: BVZ Holding H1 Loss Of CHF 8.8 Mlln

BVZ Holding AG

16/09/2020 05:59

XXX (Reuters) - BVZ HOLDING AG  BVZN.S :
    * FINANCIAL RESULT STRONGLY IMPACTED BY COVID-19
    * H1 TOTAL REVENUES DECREASED BY 33.1% TO CHF -57.6 MILLION
VS YR
AGO CHF (-28.5 MILLION) 
    * H1 OPERATING EXPENSES FELL BY 12% TO CHF 56.9 MLN THANKS
TO THE
IMMEDIATE INTRODUCTION OF COST-CUTTING MEASURES
    * H1 LOSS OF CHF 8.8 MILLION 
    * H1 RESULT IS THUS CHF 16.1 MILLION LOWER THAN IN THE SAME
PERIOD
LAST YEAR, WHEN A PROFIT OF CHF 7.3 MILLION WAS ACHIEVED
    * OUTLOOK 2020: EXPECTS LOSSES IN THE MID DOUBLE-DIGIT
MILLION
RANGE 

    
    
 Source text - https://bit.ly/3c4lSF8
    
 Further company coverage:  BVZN.S  
   


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