Brief: Everysport Media Group Q1 EBITDA Down At SEK 0.8 Mln

Everysport AB (publ)

26/05/2020 07:07

May 26 (Reuters) - Everysport Media Group AB  EVERYa.TE :
    * QUARTERLY REPORT JANUARY - MARCH 2020 EVERYSPORT MEDIA
GROUP AB
(PUBL.)
    * Q1 NET SALES: 20,8 MKR (23,6 MKR)
    * Q1 EBITDA: 0,8 MKR (2,3 MKR)
    * NEGATIVE EFFECT FROM COVID-19 PANDEMIC BECAME STRONGER
TOWARDS
END OF Q1
    * CONTINUE TO BE VERY POSITIVE ABOUT GROUP'S PERFORMANCE IN
LONG
RUN, AS BUSINESS HAS RETURNED TO NORMAL WHEN SPORTING EVENTS CAN
BE HELD AGAIN
    * IN SHORT TERM, HOWEVER, WE WILL SEE A DECLINE IN SALES
DURING
Q2, WHICH WILL ALSO HAVE A NEGATIVE
    * WE COMPENSATE FOR LOSS OF SALES WITH REDUCED COSTS, BUT
BELIEVE
THAT GROUP WILL DELIVER AN EBITDA RESULT IN RANGE OF SEK 0 TO
SEK -2.0 MILLION DURING Q2
    * DECLINE IN SALES DURING Q2 WILL ALSO HAVE A NEGATIVE
IMPACT ON
EARNINGS

Source text for Eikon:  ID:nWkr544x7H 
Further company coverage:  EVERYa.TE 

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