Brief: Hochdorf Holding H1 EBITDA At CHF 5.0 Mln

Centiel AG

17/08/2020 06:04

Aug 17 (Reuters) - HOCHDORF HOLDING AG  HOCN.S :
    * RECENT MEASURES ARE TAKING EFFECT
    * H1 NET SALES REVENUE OF CHF 158 MILLION (PREVIOUS YEAR:
CHF 243
MILLION)
    * H1 EBITDA OF CHF 5.0 MILLION
    * IS NOT EXPECTING CORONAVIRUS PANDEMIC TO HAVE A
SIGNIFICANT
IMPACT ON SALES AND REVENUE IN SECOND HALF OF YEAR IN BABY CARE
DIVISION
    * H1 POSITIVE EBIT OF CHF 1.2 MILLION (PREVIOUS YEAR CHF
-52.4
MILLION)
    * AT CHF -4.1 MILLION, GROUP'S H1 NET PROFIT WAS SLIGHTLY
NEGATIVE
DUE TO HIGH INTEREST PAYMENTS (2019 FIRST HALF YEAR: CHF -63.6
MILLION)
    * H1 RESULT AFTER MINORITY INTERESTS WAS CHF -3.9 MILLION
COMPARED
TO CHF -43.4 MILLION IN SAME PERIOD LAST YEAR
    * STILL EXPECTS TO MEET END-OF-YEAR PROJECTION MADE IN MARCH
WITH
NET SALES REVENUE OF CHF 280 - 320 MILLION AND POSITIVE ANNUAL
RESULTS FOR EBITDA IN 2020

Source text for Eikon:  ID:nPexKRfkCa 
Further company coverage:  HOCN.S 

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