Brief: Implenia Swings To FY Net Loss Of CHF 132 Million

Implenia AG

03/03/2021 06:16

March 3 (Reuters) - Implenia AG  IMPN.S :
    * IMPLENIA CLOSED FY 2020 WITH EBITDA OF CHF -4.9 MILLION,
ABOVE
ANNOUNCED EXPECTATIONS OF OCTOBER LAST YEAR
    * IMPLENIA EXPECTS EBIT OF CHF >100 MILLION IN 2021 AND
CONFIRMS
MID-TERM TARGET OF 4.5% EBIT MARGIN
    * IMPLENIA'S BOARD OF DIRECTORS PROPOSES TO REFRAIN FROM
PAYING A
DIVIDEND
    * FY NET RESULT AMOUNTED TO CHF -132.1 MILLION (2019: 33.9
MILLION).
    * FY REPORTED EBITDA OF CHF -4.9 MILLION.
    * FOR 2021, EBIT OF CHF >100 MILLION CORRESPONDING TO AN
EBIT
MARGIN OF AROUND 2.8% IS EXPECTED, EQUIVALENT OF CHF >200
MILLION EBITDA
    * MID-TERM TARGET OF AN EXPECTED EBIT MARGIN OF 4.5% (6.5%
EBITDA
MARGIN) IS CONFIRMED.

Source text for Eikon:  ID:nEQ1M3jw4a 
Further company coverage:  IMPN.S 

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