Brief: Landis+Gyr H1 Net Loss At USD 2.0 Mln

Landis+Gyr AG

12/10/2020 06:04

Oct 12 (Reuters) - LANDIS+GYR GROUP AG  LANDI.S :
    * ORDER INTAKE FOR H1 FY 2020 OF USD 456.9 MILLION,
    * H1 ADJUSTED EBITDA* OF USD 50.1 MILLION, A MARGIN OF 8.0%
COMPARED TO 14.5% IN H1 FY 2019
    * H1 NET LOSS WAS USD 2.0 MILLION, INCLUDING RESTRUCTURING
COSTS
OF USD 15.4 MILLION; LOSS PER SHARE WAS USD 0.07
    * AN UPDATE ON REVENUE & MARGIN OUTLOOK FY 2020 IS BEING
PROVIDED, BUT REMAINS SUBJECT TO ONGOING COVID-19 DEVELOPMENTS
    * H1 FY 2020 NET REVENUES OF USD 623.5 MILLION, A DECREASE
OF
27.1% IN CONSTANT CURRENCY YEAR-OVER-YEAR (YOY)
    * EXPECTS THAT NET REVENUE WILL BE BETWEEN USD 1.3 BILLION
AND USD
1.4 BILLION FOR FY 2020 WITH HIGHER MARGINS IN H2 COMPARED TO H1
FY 2020, GIVEN IMPROVED OPERATIONAL LEVERAGE.

Source text for Eikon:  ID:nTENhfzqqa 
Further company coverage:  LANDI.S 

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