Brief: Delticom Q2 EBITDA Up At EUR 3.8 Million

Delticom AG

13/08/2020 13:07

Aug 13 (Reuters) - Delticom AG  DEXGn.DE :
    * EBITDA ALMOST DOUBLED IN THE SECOND QUARTER DESPITE 10 %
REVENUES DECREASE
    * Q2 EBITDA 3.8 MILLION EUR VERSUS 1.9 MILLION EUR YEAR AGO
    * Q2 REVENUE FELL 10.7 PERCENT TO 145 MILLION EUR
    * REVENUES IN H1 20 DOWN 16.4 % DUE TO COVID-19, CATCH-UP
EFFECTS
OCCURRED IN COURSE OF Q2
    * Q2 GROUP REVENUES -10 % YOY, EXCLUDING EFFECT OF
DISCONTINUED
OPERATIONS -6 % YOY
    * EARNINGS FORECAST FOR FULL YEAR RAISED DUE TO POSITIVE
DEVELOPMENT IN Q2
    * EBITDA FOR Q2 STOOD AT EUR 3.8 MILLION (Q2 2019: EUR 1.9
MILLION, +99.4 %)
    * NET INCOME IN FIRST HALF OF YEAR TOTALLED EUR -5.9 MILLION
(H1
19: EUR -8.0 MILLION)
    * NET RESULT FOR Q2 2020 AMOUNTED TO EUR 2.5 MILLION
    * EBITDA FOR FULL YEAR IS EXPECTED TO RANGE BETWEEN EUR +5
TO +8
MILLION (PREVIOUS FORECAST: EUR +1 TO +5 MILLION)
    * RESTRUCTURING COSTS WILL TOTAL AROUND EUR 5 MILLION IN
2020
(PREVIOUS FORECAST: EUR 4 MILLION).
    * 2020 OPERATING EBITDA WILL ALSO BE HIGHER THAN ORIGINALLY
PLANNED AT EUR +10 TO +13 MILLION (PREVIOUSLY: EUR +5 TO +9
MILLION).

Source text for Eikon:  ID:nEQ6wZFZQa 
Further company coverage:  DEXGn.DE 

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