Brief: Deceuninck H1 Net Result Turns To Loss of EUR 1.2 Million

Deceuninck NV

20/08/2019 06:07

Aug 20 (Reuters) - Deceuninck NV  DECB.BR :
    * H1 2019 SALES DECREASED BY 8.5% TO EUR 312.5M
    * H1 ADJUSTED. EBITDA DECREASED TO EUR 25.9M OR 8.3% ON SALES (H1 2018: EUR
36.5M
OR 10.7% ON SALES)
    * This is primarily explained by the lower
    * VOLUMES AND INCREASED INVESTMENTS IN MARKETING, PARTIALLY COMPENSATED BY
THE
INCREASED USE OF RECYCLED PVC
    * H1 NET LOSS EUR 1.2 MILLION VERSUS PROFIT EUR 7.5 MILLION YEAR AGO
    * SOME OF OUR END MARKETS REMAIN CHALLENGING AS A RESULT OF INCREASED
GEOPOLITICAL
UNCERTAINTY
    * WE REMAIN ABSOLUTELY CONVINCED ABOUT LONG TERM POTENTIAL OF TURKEY - CEO
    * NET PROFIT DECREASED MAINLY AS A RESULT OF THE DOWNTURN IN TURKEY

Source text: https://bit.ly/2Zfn0gU
Further company coverage:  DECB.BR 

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