Brief: Componenta Q2 EBITDA Falls To EUR 0.5 Million

Componenta Oyj

24/07/2020 06:07

July 24 (Reuters) - Componenta Corp  CTH1V.HE :
    * COMPONENTA CORPORATION'S HALF-YEAR FINANCIAL REPORT 1
JANUARY -
30 JUNE 2020: NET SALES INCREASED, EBITDA WEAKENED AND CASH FLOW
IMPROVED
    * Q2 NET SALES INCREASED TO EUR 17.1 MILLION (EUR 11.3
MILLION)
    * Q2 EBITDA DECREASED TO EUR 0.5 MILLION (EUR 1.0 MILLION)
    * Q2 OPERATING RESULT WAS EUR -0.9 MILLION (EUR 0.6 MILLION)
    * DURING FIRST HALF OF THE YEAR, WE REDUCED OUR MANAGEMENT
AND
DOWNSIZED ADMINISTRATIVE PERSONNEL; IN THE FUTURE, THESE ACTIONS
WILL CONTINUE TO HAVE A POSITIVE IMPACT ON THE CO'S FIXED COSTS
    * GUIDANCE FOR 2020: COMPONENTA EXPECTS THE NET SALES OF
CONTINUED
OPERATIONS TO BE EUR 65 - 80 MILLION IN 2020
    * GUIDANCE FOR 2020: EBITDA IS EXPECTED TO REMAIN POSITIVE
    * ACCORDING TO CURRENT ESTIMATE, COVID-19 PANDEMIC WILL HAVE
A
SOMEWHAT NEGATIVE EFFECT ON NET SALES AND PROFITABILITY, BUT
THERE ARE SIGNIFICANT UNCERTAINTIES REGARDING THE FUTURE OUTLOOK
DUE TO POOR VISIBILITY

Source text for Eikon:  ID:nWkrdknCr 
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