Brief: Componenta Q1 Operating Result Breaks Even

Componenta Oyj

07/05/2021 06:04

May 7 (Reuters) - Componenta Corp  CTH1V.HE :
    * COMPONENTA CORPORATION BUSINESS REVIEW JANUARY­­-MARCH
2021
    * Q1 NET SALES INCREASED, AMOUNTING TO EUR 20,4 MILLION (EUR
19,6
MILLION).
    * Q1 OPERATING RESULT WAS EUR 0,0 MILLION (EUR -0,7
MILLION).
    * EXPECTS NET SALES OF CONTINUED OPERATIONS IN 2021 TO BE
EUR
70-80 MILLION.
    * IN 2020, NET SALES FROM CONTINUED OPERATIONS WERE EUR 70.0
MILLION AND EBITDA EUR 3.7 MILLION.
    * 2021 EBITDA IS EXPECTED TO IMPROVE FROM PREVIOUS YEAR
    * POTENTIAL INCREASE IN PRICES FOR RAW MATERIALS, GENERAL
ECONOMIC
AND COMPETITIVE SITUATION, AND DEVELOPMENT OF CUSTOMERS' SALES
VOLUMES MAY AFFECT BUSINESS OUTLOOK
    * DUE TO COVID-19 PANDEMIC, FUTURE SALES AND PROFITABILITY
DEVELOPMENTS ARE ASSOCIATED WITH UNCERTAINTIES AND POOR
VISIBILITY.
    * OUR NET SALES INCREASED AND PROFITABILITY IMPROVED THANKS
TO
MEASURES WE IMPLEMENTED AS PLANNED

Source text for Eikon:  ID:nWkr13DXHK 
Further company coverage:  CTH1V.HE 

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