Brief: Componenta Q1 EBITDA Falls To EUR 0.8 Million

Componenta Oyj

08/05/2020 06:09

May 8 (Reuters) - Componenta Corp  CTH1V.HE :
    * COMPONENTA CORPORATION BUSINESS REVIEW JANUARY - MARCH
2020
    * Q1 NET SALES INCREASED TO EUR 19.6 MILLION (EUR 11.0
MILLION).
    * Q1 NET SALES EUR 19.6 MILLION VERSUS EUR 11.0 MILLION YEAR
AGO
    * Q1 EBITDA DECREASED TO EUR 0.8 MILLION (EUR 1.6 MILLION)
    * CORONAVIRUS (COVID-19) PANDEMIC DID NOT HAVE ANY
SIGNIFICANT
IMPACT ON COMPONENTA'S BUSINESS OPERATIONS DURING Q1
    * MOST SIGNIFICANT RISKS AND UNCERTAINTIES ARE RELATED TO
ABILITY
TO MAKE PAYMENTS BASED ON RESTRUCTURING PROGRAMMES
    * DEVELOPMENT OF SALES VOLUMES INVOLVES UNCERTAINTIES AND
PANDEMIC
WILL HAVE A SLIGHTLY NEGATIVE IMPACT ON NET SALES AND
PROFITABILITY DURING Q2
    * COMPONENTA EXPECTS NET SALES OF CONTINUED OPERATIONS TO BE
EUR
65 - 80 MILLION IN 2020
    * EBITDA IS EXPECTED TO REMAIN POSITIVE IN 2020

Source text for Eikon:  ID:nWkr7tmXhV 
Further company coverage:  CTH1V.HE 

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