Brief: Masterflex H1 EBITDA Down At EUR 4.7 Mln

Masterflex SE

12/08/2020 07:03

Aug 12 (Reuters) - MASTERFLEX SE  MZXG.DE :
    * DESPITE CORONA-RELATED REVENUE WEAKNESS MASTERFLEX GROUP
REMAINS
SIGNIFICANTLY PROFITABLE IN H1 2020
    * H1 EBITDA 4.7 MILLION EUR VERSUS 5.6 MILLION EUR YEAR AGO
    * H1 OPERATING EBIT 2.5 MILLION EUR
    * OPERATING EBIT IN FIRST HALF OF YEAR AMOUNTED TO EUR 2.5
MILLION, COMPARED WITH EUR 3.6 MILLION IN PRIOR-YEAR PERIOD
    * H1 EBITDA OF EUR 4.7 MILLION (PREVIOUS YEAR: EUR 5.6
MILLION)
    * FOR 2020, COMPANY EXPECTS A DECLINE IN REVENUES OF 10% TO
15%
AND A DECLINE IN EBIT TO EUR 1.0 TO 2.5 MILLION
    * A DOUBLE-DIGIT EBIT MARGIN IS TARGET FOR 2022, AND
REVENUES MARK
OF EUR 100 MILLION SHOULD BE EXCEEDED IN 2023/2024

Source text for Eikon:  ID:nEQ9Gszbha 
Further company coverage:  MZXG.DE 

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