Brief: Hochdorf FY Net Result At CHF -70.3 Mln

Centiel AG

12/04/2021 05:58

April 12 (Reuters) - HOCHDORF HOLDING AG  HOCN.S :
    * FY NET SALES REVENUE DECREASED IN LINE WITH EXPECTATIONS
FROM
CHF 457 MILLION TO CHF 306.2 MILLION
    * FY GROSS OPERATING PROFIT INCREASED FROM CHF 61.8 MILLION
TO CHF
94.3 MILLION DESPITE THIS SIGNIFICANTLY LOWER NET REVENUE
    * FY POSITIVE EBITDA OF CHF 13.9 MILLION (2019: CHF -74.7
MILLION)
    * FY NET RESULT FOR THE GROUP IS CHF -70.3 MILLION (2019:
CHF
-271.4 MILLION)
    * FY NEGATIVE EBIT OF CHF -67.9 MILLION (PREVIOUS YEAR CHF
-265.3
MILLION)
    * IN FOOD SOLUTIONS, HOCHDORF STILL EXPECTS SALES VOLUMES IN
2021
FROM PREMIUM CHOCOLATE CUSTOMERS BELOW THE LEVELS PRIOR TO THE
COVID-19 PANDEMIC
    * IN 2021 EXPECTS TO ACHIEVE NET SALES IN THE RANGE OF CHF
260 TO
300 MILLION AND A BALANCED ANNUAL RESULT AT EBIT LEVEL
    * EXPECTS 2021 ORGANIC SALES GROWTH OF 3 TO 4 PERCENT FOR
HOCHDORF
GROUP WITHOUT UCKERMÄRKER MILCH GMBH, MARBACHER ÖLMÜHLE GMBH AND
ZIFRU TROCKENPRODUKTE GMBH
    * BOARD OF DIRECTORS IS NOT RECOMMENDING PAYMENT OF A
DIVIDEND

Source text: https://bit.ly/2QaZfrH
Further company coverage:  HOCN.S 

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