Brief: Matas Q1 EBIT Up At DKK 72.1 Mln

Matas A/S

20/08/2020 07:25

Aug 20 (Reuters) - Matas A/S  MATAS.CO :
    * REG-INTERIM REPORT – Q1 2020/21 - SALES AND EARNINGS
GROWTH
DESPITE COVID-19
    * Q1 REVENUE DKK 946.8 BILLION VERSUS DKK 875.6 MILLION YEAR
AGO
    * Q1 EBIT DKK 72.1 MILLION VERSUS DKK 70.8 MILLION YEAR AGO
    * FINANCIAL TARGETS FOR 2020/21: OVERALL REVENUE GROWTH OF
AROUND
6% RELATIVE TO FINANCIAL YEAR 2019/20
    * TARGET 2020/21: UNDERLYING (LIKE-FOR-LIKE) REVENUE GROWTH
OF
AROUND 6%
    * TARGET 2020/21: EBITDA MARGIN BEFORE SPECIAL ITEMS OF
AROUND 18%
(AFTER IFRS 16 EFFECTS)
    * TARGET 2020/21: CAPEX BETWEEN DKK 120 MILLION AND DKK 140
MILLION
    * TARGETS DO NOT FACTOR IN EFFECTS OF A POTENTIAL SECOND
WAVE OF
COVID-19 OR A DRAMATIC CHANGE IN CONSUMER BEHAVIOUR IN WAKE OF,
FOR EXAMPLE, A RECESSION IN SECOND HALF OF FINANCIAL YEAR
    * MANAGEMENT BELIEVES THAT SALES IN JUNE, JULY AND FIRST
HALF OF
AUGUST WERE FAVOURABLY AFFECTED BY LOW LEVEL OF OUTBOUND TRAVEL
ACTIVITY AMONG DANISH CONSUMERS DURING SUMMER PERIOD

Source text for Eikon:  ID:nGNEPFfjb 
Further company coverage:  MATAS.CO 

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