Brief: Matas Q2 EBITDA Before Special Items At DKK 179.6 Million

Matas A/S

05/11/2020 07:19

Nov 5 (Reuters) - Matas A/S  MATAS.CO :
    * REG-INTERIM REPORT - H1 2020/21 - BEST SUMMER QUARTER
EVER:
RECORD SALES AND STRONG EARNINGS GROWTH - GUIDANCE LIFTED
    * REG-INTERIM REPORT - H1 2020/21 - BEST SUMMER QUARTER
EVER:
RECORD SALES AND STRONG EARNINGS GROWTH - GUIDANCE LIFTED
    * GENERATED REVENUE OF DKK 932.6 MILLION IN Q2 2020/21, A
YEAR-ON-YEAR INCREASE OF DKK 110.1 MILLION, OR 13.4%
    * EARNINGS (EBITDA BEFORE SPECIAL ITEMS) AMOUNTED TO DKK
179.6
MILLION IN Q2, UP DKK 26.0 MILLION ON Q2 2019/20.
    * ONLINE SALES CONTINUED TO GROW AT A STRONG RATE IN Q2
    * BASED ON STRONG Q2 PERFORMANCE, GUIDANCE FOR FULL-YEAR
2020/21
IS ADJUSTED UPWARD
    * NOW FORECASTS GROWTH IN BOTH OVERALL REVENUE AND
UNDERLYING
REVENUE OF ABOUT 8%, COMPARED WITH ITS PREVIOUS GUIDANCE OF
ABOUT 6%
    * EBITDA MARGIN GUIDANCE HAS BEEN LIFTED FROM ABOUT 18% TO
ABOVE
18%.
    * Q2 GROSS MARGIN WAS 43.1% COMPARED WITH 43.5% IN Q2
2019/20
    * MANAGEMENT HAS DECIDED TO ADJUST GROUP'S FINANCIAL
GUIDANCE FOR
FINANCIAL YEAR 2020/21: OVERALL REVENUE GROWTH OF ABOUT 8%
RELATIVE TO FINANCIAL YEAR 2019/20
    * SEES 2020/21 UNDERLYING (LIKE-FOR-LIKE) REVENUE GROWTH OF
ABOUT
8%

Source text for Eikon:  ID:nGNE9PCvS2 
Further company coverage:  MATAS.CO 

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