Brief: Cembra Q1 Net Reveneue Up At CHF 128.2 Million

Cembra Money Bank AG

27/04/2020 16:43

April 27 (Reuters) - CEMBRA MONEY BANK AG  CMBN.S :
    * Q1 NET REVENUES INCREASING BY 19% YEAR-ON-YEAR (ORGANIC
GROWTH
+1%) TO CHF 128.2 MILLION
    * CURRENTLY EXPECTS TO DELIVER A RESILIENT BUSINESS
PERFORMANCE IN
2020, WITH REVENUES BEING IMPACTED MAINLY BY OVERALL LOWER
VOLUMES IN CREDIT CARDS.
    * CONFIRMS ITS MID-TERM TARGETS1 BUT SUSPENDS DETAILED
GUIDANCE
FOR 2020 DUE TO UNCERTAINTIES RELATED TO IMPACT OF COVID-19
    * NET INTEREST INCOME GREW BY 24% DUE TO SUCCESSFUL
COMMERCIAL
INTEGRATION OF CASHGATE
    * NET INCOME FOR Q1 2020 CAME IN ABOVE MANAGEMENT'S BUDGET

Source text for Eikon:  ID:nTENozh4ia 
Further company coverage:  CMBN.S 

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