Brief: Jensen Group H1 EBITDA Down At EUR 9 Mln, Expects Lower FY Revenue

Jensen-Group NV

11/08/2020 16:56

Aug 11 (Reuters) - JENSEN GROUP NV  JEN.BR :
    * COVID-19 IMPACTS REVENUE, THE JENSEN-GROUP REACTS SWIFTLY
    * H1 NET INCOME ATTRIBUTABLE TO THE SHAREHOLDERS AMOUNTS TO
1.5
MILLION EURO, A DECREASE OF 87.4% COMPARED TO LAST YEAR
    * REVENUE DECREASED FROM 177.6 MILLION EURO H01 2019 TO
130.1
MILLION EURO H01 2020, A DECREASE OF 26.8%
    * EXPECTS THE FULL YEAR REVENUE AND PROFITABILITY TO BE
SIGNIFICANTLY LOWER THAN PRIOR YEAR
    * WE DO NOT EXPECT OUR ORDER INTAKE TO SIGNIFICANTLY IMPROVE
TO
PREVIOUS LEVELS BEFORE 2022
    * END-H1 NET FINANCIAL CASH OF EUR 1.4 MILLION (INCLUDING
12.2
MILLION EURO LEASING DEBT) COMPARED TO A NET DEBT OF EUR 4.4
MILLION AT YEAR-END 2019
    * WE ARE UNABLE TO FULLY ESTIMATE THE IMPACT OF THE COVID-19
CRISIS ON OUR LONG-TERM PERFORMANCE
    * H1 CASH FLOW FROM OPERATIONS (EBITDA) AMOUNTS TO 9.0
MILLION
EURO, A 56.5% DECREASE COMPARED TO LAST YEAR

Source text: https://bit.ly/3gOSTH1
Further company coverage:  JEN.BR 

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