Brief: Componenta Q2 EBITDA Down At EUR 0.4 Million

Componenta Oyj

02/08/2019 06:08

Aug 2 (Reuters) - Componenta Corp  CTH1V.HE :
    * ORATION'S HALF-YEAR FINANCIAL REPORT 1 JANUARY - 30 JUNE
2019:
DECREASED DELIVERIES IN SWEDEN WEAKENED EBITDA. NET CASH FLOW
FROM OPERATING ACTIVITIES DOUBLED.
    * Q2 NET SALES  EUR 28.0 MILLION VERSUS EUR 32.8 MILLION
YEAR AGO
    * Q2 EBITDA DECREASED TO EUR 0.4 MILLION (EUR 1.3 MILLION).
    * WEAKENING CAN ALMOST SOLELY BE EXPLAINED WITH REDUCTION OF
OPERATIONS IN SWEDEN
    * AIMS TO IMPROVE PROFITABILITY AND REDUCE CAPITAL EMPLOYED
IN
BUSINESS OPERATIONS IN SWEDEN
    * DOWNSCALING ACTIVITIES ARE IN PROGRESS AND THEIR IMPACTS
WILL BE
VISIBLE WITH A DELAY.
    * MANUFACTURING COSTS ARE DECREASING MORE SLOWLY THAN
VOLUMES OF
BUSINESS.
    * REPEATS 2019 GUIDANCE UPDATED ON 16 MAY 2019
    * COSTS OF DOWNSCALING WILL BURDEN BUSINESS OF COMPONENTA
FRÄMMESTAD AB ALSO FOR REST OF YEAR.
    * IF DOWNSCALING ACTIVITIES DO NOT RESULT IN REQUIRED
PROFITABILITY, ABILITY FOR COMPONENTA FRÄMMESTAD AB TO CONTINUE
IS JEOPARDIZED

Source text for Eikon:  ID:nWkr44gn0K 
Further company coverage:  CTH1V.HE 

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