Brief: Coltene Says Q1 Net Sales And EBIT Rose Year-On-Year
16/06/2020 06:05
June 16 (Reuters) - COLTENE HOLDING AG CLTN.S :
* FINANCIAL IMPACT OF COVID-19 CRISIS ON COLTENE'S FULL-YEAR
RESULTS IS IMPOSSIBLE TO ESTIMATE
* FORESEEABLE OUTCOME THEREFORE IS THAT FULL-YEAR RESULTS
FOR 2020
WILL BE LOWER THAN THOSE FOR PREVIOUS YEAR
* ALREADY, LIKELIEST SCENARIO IS THAT PROMPT COUNTERMEASURES
TAKEN
WILL NOT BE ENOUGH TO COMPENSATE FOR SECOND-QUARTER MARKET SLUMP
OVER REMAINDER OF YEAR
* ANTICIPATES HALF-YEAR NET SALES OF APPROXIMATELY CHF 100.0
MILLION (PREVIOUS YEAR: CHF 135.4 MILLION) AND BREAKEVEN EBIT
(PREVIOUS YEAR: CHF 12.8 MILLION)
* IN Q1 OF 2020, NET SALES AND EBIT WERE UP COMPARED TO SAME
PERIOD A YEAR EARLIER
Source text for Eikon: ID:nNDLGPPYP
Further company coverage: CLTN.S
(Gdansk Newsroom)
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