Brief: Consti Q1 EBITDA Up At EUR 1.3 Mln

Consti Oyj

29/04/2020 06:36

April 29 (Reuters) - Consti Oyj  CONSTI.HE :
    * CONSTI PLC INTERIM REPORT FOR JANUARY – MARCH 2020
    * Q1 NET SALES EUR 59.0 (73.5) MILLION; CHANGE -19.7%
    * Q1 EBITDA EUR 1.3 (0.5) MILLION AND EBITDA MARGIN 2.2%
(0.7%)
    * SHORT-TERM DEMAND OUTLOOK HAS DETERIORATED FASTEST IN
RESIDENTIAL RENOVATIONS
    * COMPANY ESTIMATES THAT ITS OPERATING RESULT FOR 2020 WILL
IMPROVE COMPARED TO 2019
    * OUTBREAK OF CORONAVIRUS PANDEMIC (COVID-19) AND ACTIONS
TAKEN TO
CONTROL IT HAVE AN IMPACT ON FINNISH RENOVATION MARKETS, BUT
MORE SERIOUS IMPACT OF CRISIS IS EXPECTED TO SHOW LATER ON
    * UNCERTAINTY HAS GROWN IN CONSTI'S BUSINESS ENVIRONMENT AS
A
RESULT OF CORONAVIRUS PANDEMIC, BUT SO FAR, IMPACT ON COMPANY
HAS BEEN LIMITED
    * CONSTI'S GUIDANCE FOR 2020 REMAINS UNCHANGED
    * Q1 EBIT PROFIT EUR 0.5 MILLION VERSUS LOSS EUR 0.4 MILLION
YEAR
AGO

Source text for Eikon:  ID:nGNE4YNpXj 
Further company coverage:  CONSTI.HE 

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