Brief: MCH Group FY Operating Loss Of CHF 17.6 Mln

MCH AG

22/03/2019 05:52

March 22 (Reuters) - MCH GROUP AG  MCHN.S :
    * FY INCREASE IN SALES TO CHF 522.8 MILLION
    * FY OPERATING LOSS OF CHF -17.6 MILLION
    * FY EXTRAORDINARY DEPRECIATIONS ON EXHIBITION BUILDINGS OF
CHF
-132.3 MILLION
    * FY SPECIAL CHARGES FOR RESTRUCTURING OF CHF -40.5 MILLION
    * WILL PROPOSE TO THE GENERAL MEETING OF 2 MAY 2019 THAT NO
DIVIDEND BE PAID
    * CONTINUING RESTRUCTURING PROCESS WILL BE GEARED TO FUTURE
CORPORATE STRATEGY WHICH WILL BE REDEFINED
    * PROCESS WILL TAKE A CERTAIN AMOUNT OF TIME AND WILL ALSO
NEGATIVELY IMPACT THE RESULT OF THE CURRENT 2019 FINANCIAL YEAR
    * FORECASTS FURTHER RESTRUCTURING COSTS AND A FURTHER LOSS
IN
OPERATING ACTIVITIES IN THE 2019 FINANCIAL YEAR

Source text - https://bit.ly/2WiyiAi
Further company coverage:  MCHN.S 

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