Brief: Kardex H1 Net Profit At EUR 17.1 Mln

Kardex Holding AG

30/07/2020 05:37

July 30 (Reuters) - KARDEX HOLDING AG  KARN.S :
    * RECORDS DECLINE IN BOOKINGS, NET REVENUES AND EARNINGS
    * H1 BOOKINGS WERE 16.6% BELOW SAME PERIOD OF PREVIOUS YEAR
    * H1 DECLINE OF 9.5% IN NET REVENUES COMPARED TO PREVIOUS
YEAR
    * H1 GROSS PROFIT MARGIN OF 34.6% WAS ONLY SLIGHTLY BELOW
PRIOR-YEAR PERIOD (34.9%)
    * H1 GROSS PROFIT OF EUR 71.8 MILLION WAS 10.4% LOWER THAN
IN
PREVIOUS YEAR
    * H1 (EBIT) AMOUNTED TO EUR 24.0 MILLION, 15.5% BELOW SAME
PERIOD
OF PREVIOUS YEAR WITH A CORRESPONDING EBIT MARGIN OF 11.5%
(12.4%)
    * H1 NET PROFIT AMOUNTED TO EUR 17.1 MILLION (VERSUS EUR
20.2
MILLION)
    * NO GUIDANCE IS GIVEN FOR SECOND HALF OF 2020

Source text - https://bit.ly/2P5C0vd
Further company coverage:  KARN.S 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;;))