Brief: Columbus: 2019 Results In Line With Guidance

Columbus A/S

24/03/2020 09:07

March 24 (Reuters) - Columbus A/S  COLUM.CO :
    * 2019 RESULTS IN LINE WITH GUIDANCE – COVID-19 MEASURES
IMPLEMENTED
    * COLUMBUS ACHIEVED 2019 RESULTS IN LINE WITH GUIDANCE EVEN
THOUGH
US BUSINESS DID NOT PERFORM SATISFACTORILY
    * POSITIVE DEVELOPMENT CONTINUED IN FIRST TWO MONTHS OF 2020
    * FY EBITDA GREW BY 15% ADJUSTED FOR IFRS 16 EFFECT
    * IN 2019, COLUMBUS DELIVERED ORGANIC GROWTH OF 4% AMOUNTING
TO
REVENUES OF DKK 1,932M
    * OUTLOOK FOR 2020 AND LONG-TERM GUIDANCE WILL BE RELEASED
WHEN
HAVING BETTER INSIGHT INTO IMPACT AND TEMPORARY MARKET SLOWDOWN
    * ON CORONAVIRUS: FORESEE A CHALLENGING FIRST HALF OF 2020
DUE TO
UNCERTAINTY CAUSED BY CORONAVIRUS,
    * O SUSPEND DIVIDEND POLICY TO ENSURE STRONGEST POSSIBLE
LIQUIDITY
POSITION OF COMPANY
    * EXPECTS TO SEE A SUBSTANTIAL, SHORT-TERM NEGATIVE IMPACT
ON
CUSTOMER DEMAND WHICH IS ALREADY STARTING TO MATERIALIZE IN SOME
OF OUR MARKETS
    * RECOVERY OF OUR US BUSINESS UNIT IS TAKING LONGER THAN
EXPECTED

Source text for Eikon:  ID:nGNE28fkVL 
Further company coverage:  COLUM.CO 

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