Brief: Deceuninck H1 Adj. EBITDA Broadly Stable At EUR 27.8 Mln

Deceuninck NV

18/08/2020 06:10

Aug 18 (Reuters) - Deceuninck NV  DECB.BR :
    * H1 2020 ADJUSTED EBITDA REMAINS BROADLY STABLE AT €27.8M
    * H1 CASH FLOW GENERATION HAS BEEN STRONG WITH NET DEBT DECREASING EUR 32M TO EUR 118
COMPARED TO
EUR 150M IN H1 2019
    * JULY PERFORMANCE PROVED TO BE STRONG
    * NET LOSS INCREASED FROM A LOSS OF € 1.2M IN H1 2019 TO A LOSS OF € 3.4M IN H1 2020
    * ALTHOUGH IMMEDIATE FUTURE REMAINS HIGHLY UNCERTAIN, WE REMAIN POSITIVE ABOUT OUR LONG TERM
POTENTIAL
    * PERFORMANCE IN Q2 PROVED TO BE HIGHLY RESILIENT WITH ADJUSTED EBITDA AMOUNTING TO €13.8M
OR
10.1% ON SALES
    * DESPITE THE CRISES OUR GROWTH DRIVERS REMAIN INTACT
    * END-JUNE SALES € 289.2M (-7.4%)
    * IMPLEMENTATION OF OUR MOST IMPORTANT STRATEGIC PROJECTS HAS CONTINUED THROUGHOUT Q2

Source text: https://bit.ly/3h8f0Iq
Further company coverage:  DECB.BR 

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