Brief: Matas Q2 EBITDA Ex Special Items Down At DKK 107.4 Mln

Matas A/S

30/10/2019 07:30

Oct 30 (Reuters) - Matas A/S  MATAS.CO :
    * REG-INTERIM REPORT – H1 2019/20: GROWTH AND STABLE
EARNINGS
    * REVENUE GREW BY 5.8% OVER Q2 2018/19, AND EARNINGS CAME TO
DKK
107 MILLION BEFORE IFRS 16 (EBITDA BEFORE SPECIAL ITEMS) OR DKK
154 MILLION AFTER IFRS 16
    * Q2 EBITDA BEFORE SPECIAL ITEMS AND INCLUDING
NORMALISATIONS CAME
TO DKK 107.4 MILLION, COMPARED WITH DKK 108.6 MILLION IN Q2
2018/19
    * DUE TO REVISED PLAN FOR RETAIL NETWORK ADJUSTMENTS, GROUP
HAS
LOWERED ITS 2019/20 CAPEX TARGET TO DKK 150 - 170 MILLION
(PREVIOUSLY DKK 200 - 220 MILLION)
    * IS NARROWING ITS FINANCIAL TARGETS FOR TOTAL REVENUE
GROWTH AND
UNDERLYING REVENUE GROWTH FOR 2019/20 IN LIGHT OF A LESS
POSITIVE SALES GROWTH IN Q2 2019/20 THAN EXPECTED
    * MATAS IS NARROWING ITS FINANCIAL TARGETS FOR TOTAL REVENUE
GROWTH AND UNDERLYING REVENUE GROWTH FOR 2019/20 IN LIGHT OF A
LESS POSITIVE SALES GROWTH IN Q2 2019/20 THAN EXPECTED
    * TARGET FOR 2019/20 EBITDA MARGIN BEFORE SPECIAL ITEMS IS
REITERATED
    * 2019/20 TOTAL REVENUE IS EXPECTED TO GROW BY 3.5 - 5.5%
(PREVIOUSLY 3.5 - 6.5%), WHILE UNDERLYING LIKE-FOR-LIKE REVENUE
IS EXPECTED TO INCREASE BY 0.5 - 1.5% (PREVIOUSLY 0.5 - 2.5%)

Source text for Eikon:  ID:nGNE5f6YkC 
Further company coverage:  MATAS.CO 

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