Brief: Brill H1 Revenue Down At EUR 16.2 Mln

Koninklijke Brill NV

27/08/2020 17:16

Aug 27 (Reuters) - Koninklijke Brill NV  BRIL.AS :
    * IMPACT OF COVID-19 ON BRILL REVENUE MITIGATED BY COST
SAVINGS
    * Q1 PERFORMANCE WAS SATISFACTORY, COVID-19 IMPACTED
REVENUES AS
OF MID-MARCH
    * IT REMAINS UNCERTAIN WHAT IMPACT OF CRISIS WILL BE ON 2021
RENEWALS OF RECURRING BUSINESS
    * COVID-19 GENERATES CONTINUED UNCERTAINTY FOR THE REMAINDER
OF
THE YEAR
    * OUTLOOK: PROVIDES NO QUANTITATIVE OUTLOOK ON FY
PERFORMANCE
    * OUR TRADE CONTACTS EXPERIENCED OPERATIONAL CHALLENGES WITH
UNIVERSITIES, BOOKSHOPS, TRADERS BEING IN LOCKDOWN FOR MOST OR
ALL OF Q2
    * WE EXPECT SAME LONG-TERM TRENDS AS USUAL IN ACADEMIC
MARKETS,
PROVIDING AN ATTRACTIVE ARENA FOR BRILL TO OPERATE AND INVEST
    * INITIAL INDICATIONS FROM THE MARKET AT THE START OF HY2,
SHOW
THAT THE SITUATION MIGHT BE NORMALIZING SOMEWHAT
    * H1 REVENUE EUR 16.2 MILLION VERSUS EUR 16.8 MILLION YEAR
AGO
    * IF DECLINE IN PRINT BOOK REVENUES PERSISTS AND TRADITIONAL
Q4
YEAR-END SALES ARE IMPACTED BY COVID-19, WE EXPECT MARKED
DECLINE IN REVENUES AND COMMENSURATE IMPACT ON PROFIT

Source text for Eikon:  ID:nNDL8jL7pn 
Further company coverage:  BRIL.AS 

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