Brief: High Co H1 Attributable Net Income Down At EUR 4.1 Mln

High SA

26/08/2020 17:05

Aug 26 (Reuters) - HIGH CO SA  HIGH.PA :
    * HEALTHY RESULTS IN H1 2020 DESPITE THE COVID-19 PANDEMIC
    * H1 2020 GROSS PROFIT OF €40.42 M, DOWN 16.1% ON A REPORTED
BASIS
AND LFL
    * €30 M GOVERNMENT-BACKED LOAN, UNUSED TO DATE
    * H1 ADJUSTED OPERATING MARGIN OF 17.4% (H1 2019: 26.4%)
    * NET CASH  OF €71.49 M AT 30 JUNE 2020, UP €8.96 M COMPARED
WITH
31 DECEMBER 2019.
    * H1 ATTRIBUTABLE NET INCOME OF €4.13 M, DOWN 37%
    * OUTLOOK: DECLINE IN GROSS PROFIT OF MORE THAN 5% IN H2
2020 (H1
2020: DOWN 16.1%)
    * OUTLOOK: 2020 ADJUSTED OPERATING MARGIN (ADJUSTED HEADLINE
PBIT/GROSS PROFIT) OF OVER 10% (2019 ADJUSTED OPERATING MARGIN:
18.5%)

Source text: https://bit.ly/32lAhYU
Further company coverage:  HIGH.PA 

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