Brief: Elumeo Q2 Total Segment EBITDA Loss At EUR 0.1 Million

Elumeo SE

30/09/2019 06:30

Sept 30 (Reuters) - ELUMEO SE  ELBG.DE :
    * Q2 TOTAL SEGMENT EBITDA LOSS EUR 0.1 MILLION
    * H1 REVENUES EUR 23.26 MILLION VERSUS EUR 29.3 MILLION YOY
    * GROSS PROFIT MARGIN SHOULD CONTINUE TO IMPROVE
    * EXPECTS SIGNIFICANT RECOVERY IN PERCENTAGE MARGIN AND THUS
DISPROPORTIONATE GROSS PROFIT GROWTH IN LOW DOUBLE-DIGIT
PERCENTAGE RANGE
    * EXPECTS REVENUE TREND THAT WILL BE LOWER THAN IN PREVIOUS
YEAR
    * EXPECTS COST BASE TO IMPROVE IN 2019 BOTH IN ABSOLUTE
TERMS AND
IN RELATION TO REVENUES
    * PLANNING EBITDA EARNINGS CORRIDOR FOR CONTINUING
OPERATIONS
SEGMENT FOR 2019 THAT WILL RANGE FROM LOW SINGLE-DIGIT MILLION
EURO FIGURE TO BREAKEVEN
    * REDUCTIONS IN INVENTORIES PLANNED IF CO'S PROFITABILITY
CANNOT
BE INCREASED OR WORKING CAPITAL CANNOT BE IMPROVED

Source text for Eikon:  ID:nNDL11W1p8 
Further company coverage:  ELBG.DE 

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